Equinor and Shell agree with Tanzania for building LNG export terminal

Tanzania signed an agreement with Norway’s Equinor and Britain’s Shell that will bring closer the start of construction of a $30 billion liquefied natural gas (LNG) export terminal.

The agreement has paved way for a final investment decision in 2025 on the facility. The facility will be located near huge offshore natural gas discoveries in deep waters off Tanzania’s southern coast. The project has been held up for years by regulatory delays.