Tanzania has chosen the UK office of Baker Botts and GaffneyCline to lead talks with foreign investors on a proposed LNG export facility.
ExxonMobil continues to hold out hope for its Rovuma LNG project, in Mozambique, while Shell has held talks with the Tanzanian government on another East African export plan.
Tanzanian President Samia Suluhu Hassan aims to wrap up talks on an LNG project within six months, but the government faces a tough task in securing new investments.
East African LNG outlook seems positive in 2021 but fluctuating prices, political instability and terrorism risk stifling growth
East Africa is in a prime location to export gas globally but growth and progress has largely been slow, largely because of fluctuating liquified natural gas prices, political instability and terrorism.
Shell and Equinor executives in Tanzania have issued a plea for the country to support the proposed LNG project in Lindi.
Equinor has taken a write down of the value of its Tanzania LNG project, wiping $982 million off its books.