n00b
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- Apr 10, 2008
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Tanzania may soon start to export gas to Asia following the decision by Statoil and BG Group build Tanzania's first liquefied natural gas plant in Lindi.
The Energy Minister, Sospeter Muhongo said that Statoil which has discovered as much as 20 trillion cubic feet of natural gas in Block 2, and BG which says recoverable volumes are as much as 15 trillion cubic feet in three neighboring blocks, are due to meet with authorities about the project's schedule and details in April.
"The two companies will announce the site decision next week," Professor Muhongo said.
Production could start in 2021 or 2022 and investments could be $ 20 billion to $ 30 billion, Statoil has said. Partners in the offshore blocks include ExxonMobil, Ophir Energy and Pavilion Energy.
Tanzania's government hopes that Statoil and BG, which operates their respective blocks, will decide to build the plant with at least two trains, Professor Muhongo said.
Professor Muhongo said that, Tanzania which has the largest gas reserves in East Africa after Mozambique with 46.5 trillion cubic feet, expects that figure to exceed 100 trillion cubic feet within the next two to three years.
The Energy Minister, Sospeter Muhongo said that Statoil which has discovered as much as 20 trillion cubic feet of natural gas in Block 2, and BG which says recoverable volumes are as much as 15 trillion cubic feet in three neighboring blocks, are due to meet with authorities about the project's schedule and details in April.
"The two companies will announce the site decision next week," Professor Muhongo said.
Production could start in 2021 or 2022 and investments could be $ 20 billion to $ 30 billion, Statoil has said. Partners in the offshore blocks include ExxonMobil, Ophir Energy and Pavilion Energy.
Tanzania's government hopes that Statoil and BG, which operates their respective blocks, will decide to build the plant with at least two trains, Professor Muhongo said.
Professor Muhongo said that, Tanzania which has the largest gas reserves in East Africa after Mozambique with 46.5 trillion cubic feet, expects that figure to exceed 100 trillion cubic feet within the next two to three years.
