23 December 2016, Dar Es Salaam – Major oil and gas companies are now planning to resume negotiations with the government on a production sharing agreement (PSA) next year for the planned liquefied natural gas (LNG) plant.
BG Group which was acquired by Royal Dutch Shell, alongside Statoil, Exxon Mobil and Ophir Energy, plan to build a $30 billion (Sh66 trillion) onshore LNG export terminal in partnership with the state-run Tanzania Petroleum Development Corporation (TPDC) by the early 2020s.
Earlier in the year, the government said it had finalised a land acquisition deal for the site of a planned LNG plant, and was working to compensate and resettle villagers to move forward on a long-delayed project.
- The Citizen