Skip to main content

No FID to be made on Tanzania LNG project for at least five years

Published by
LNG Industry,


According to Reuters, Oystein Michelsen, Statoil’s country manager, has stated that a final investment decision (FID) will not be made on the US$30 billion onshore Tanzanian LNG export terminal for at least five years. Michelsen added that it would take another five years following FID to construct the plant.

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/

You might also like

 Webinar

[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant

Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. With excessive noise presenting so many financial and health and safety risks, LNG plants need reliable, cost-effective noise-reduction solutions. This webinar will outline the most popular acoustic standards in the industry today and distill down to the audience what they need to know in order to best protect their work personnel and profits.

Register for your free space today »

 
 
 

Embed article link: (copy the HTML code below):


 

LNG Industry is not responsible for the content of external internet sites.