Equinor, Shell and Exxon agree on LNG project with Tanzania
An aerial view of large liquefied natural gas storage tanks. Equinor, Shell and Exxon Mobil say their deal with Tanzania for the LNG project will cost billions of dollars. PHOTO | SHUTTERSTOCK
Equinor, Shell and Exxon Mobil have agreed a deal with the government of Tanzania for the development of a liquefied natural gas (LNG) export terminal, Equinor Tanznia manager said on Friday.
The agreement is a milestone for the long-delayed project to unlock Tanzania's vast but remote offshore gas resources, which the companies involved have said is expected to cost tens of billions of dollars.
