Negotiations for the construction of a $30 billion liquefied natural gas (LNG) terminal between Tanzania, Norway's Equinor and Britain's Shell are complete and contract preparations are underway, Tanzania's energy ministry said.
The development of Tanzania's vast offshore gas resources has been held up for years due to regulatory delays.
Last June, all three parties involved signed a framework agreement aimed at bringing closer the start of the. The government aims to reach a final investment decision in 2025 for the facility. "Minister January Makamba said negotiations on the construction of the LNG project were complete, and now experts are at work drafting contracts," the energy ministry said on its Twitter account late Monday.
"Of these contracts, one is about the Host Government Agreement and another is on joining blocks 1, 2 and 4, which will provide natural gas for the LNG project," it said without giving a timeline for when the contracts will be signed.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Jesus Revolution' Passes $30 Million at Domestic Box Office'Jesus Revolution' passes $30 million at the domestic box office.
Read more »
Funko plans to get rid of at least $30 million worth of productsFunko’s warehouse shelves are so full that the company admitted to renting storage containers to house the excess.
Read more »
Funko plans to get rid of at least $30 million worth of productsThe manufacturer known for its vinyl figurines and bobbleheads said its inventory is up 48% compared to a year ago.
Read more »
Funko to trash $30 million in merchandise as demand for collectible toy dipsDemand for Funko Pop toys has tumbled so much that parent company Funko said it plans to 'eliminate' between $30 million and $36 million worth of the vinyl figurines.
Read more »
If You're Obsessed With the Stanley Tumbler, You'll Love This $30 Insulated Bottle From Amazon - E! OnlineNeed a new 'emotional support' water bottle? Reviewers are falling 'in love' with this affordable, leak resistant and double insulated tumbler.
Read more »
$30 million of Funko Pop! toys will be thrown in the trash | CNN BusinessThirty million dollars worth of Funko Pop! figures -- those big-headed, vinyl pop-culture dolls -- will soon make their way into the hands of a new collector: The garbage collector.
Read more »