Tanzania’s government will start this month talks with major international firms to define the commercial terms for a deepwater liquefied natural gas (LNG) project off the coast of the east African country expected to be worth US$30 billion. Negotiations are set to begin this month and to conclude by September, The East African news outlet quoted Tanzania’s Energy Ministry as saying. Major international companies have been exploring for gas offshore Tanzania and have found sufficient quantities for a potential LNG plant. The development of such project, however, has been stalled due to the lack of a host government agreement (HGA) setting the legal, fiscal, and commercial terms of the project. “A deep-water LNG plant is a large project that requires large upfront investments. To ensure that all parties benefit from such a project, a stable and predictable framework for more than 30 years of the plant is essential,” Equinor […]