February 14, 2014

Statoil, BG to Build Tanzania LNG Plant in Lindi, Minister Says

Tanzania Natural Gas Plant | Investing in Africa
Bloomberg reported today that Statoil ASA (STL) and BG Group Plc (BG/) will build Tanzania’s first liquefied natural gas plant in Lindi and are due to meet with authorities about the project’s schedule and details in April. Production could start in 2021 or 2022 and investments could be $20 billion to $30 billion. Partners in the offshore blocks include Exxon Mobil Corp. (XOM), Ophir Energy Plc (OPHR) and Pavilion Energy Pte.
To read the entire article, click through here.
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