No FID to be made on Tanzania LNG project for at least five years
Published by David Rowlands,
Reuters claims that the government does want to promote the project, but that there has not been much discussion regarding the timeline. Michelsen noted that outstanding issues included a stable framework with the host government, as well as clarity with regards to local ownership requirements in some contracts.
Speaking to Reuters at an investment conference in Tanzania, Michelsen said: “We are prepared for the project to take a long time, but we could bring it forward if the government is ready."
"We are not schedule-bound... if the government delivers we would need five years until an FID."
Read the article online at: https://www.lngindustry.com/liquefaction/17112016/no-fid-to-be-made-on-tanzania-lng-project-for-at-least-five-years/
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