{"id":516,"date":"2014-02-14T17:57:29","date_gmt":"2014-02-14T17:57:29","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=516"},"modified":"2015-11-02T13:57:13","modified_gmt":"2015-11-02T13:57:13","slug":"tanzania-lng-plant-site-may-be-announced-next-week-minister","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-lng-plant-site-may-be-announced-next-week-minister\/","title":{"rendered":"Tanzania LNG plant site may be announced next week -minister"},"content":{"rendered":"

[twitter-follow screen_name=’oilnewskenya’]<\/p>\n

Story by Reuters<\/p>\n

Oil and gas firms working on a project to build a liquefied\u00a0natural gas<\/a>\u00a0(LNG) export plant in Tanzania have picked a location, and the government has asked them to make their plans public as early as next week, Tanzania’s energy minister said.<\/p>\n

An announcement of a site could be a major milestone for the project, even though a final investment decision is not due for years. Only a few LNG export projects have won a final investment decision over the past two years.<\/p>\n

“The location of the plant will be left to the companies – BG, Statoil and their partners Exxon Mobil and Ophir,” Minister Sospeter Muhongo told Reuters on Friday on the sidelines of a conference in Oslo.<\/p>\n

“They have now selected one site and we’ve told them to make an announcement, and I’m hoping they’ll do it next week,” Muhongo said.<\/p>\n

Tanzania and neighbouring Mozambique are in a race with\u00a0Russia<\/a>,\u00a0Australia<\/a>\u00a0and Canada to build LNG export plants, aiming to exploit a gap in global supply that is expected to open up by 2020.<\/p>\n

Tanzania estimates it has 42.7 trillion\u00a0cubic<\/a>\u00a0feet of gas following big finds off its southern coast.<\/p>\n

Tanzania’s deputy minister for energy and minerals said in November the southern region of Lindi was being considered for the location of the LNG liquefaction plant.<\/p>\n

Such a decision could cause controversy in nearby Mtwara, which has been the supply base for offshore exploration and where residents have protested that they have not received a big enough share of the benefits.<\/p>\n

Muhongo said the government supported the firms’ choice of location, considering it a professional decision, and that he planned to meet with the oil firms in April to draw up a timeline for development.<\/p>\n

“I’m meeting with them in April, including Statoil and BG, and I want them to submit an implementation plan,” he said. “The time frame will be like for other similar facilities.”<\/p>\n

Muhongo said the oil industry’s reduction in capital spending plans would not affect the plant, given the booming demand for LNG.<\/p>\n

“The demand for gas, LNG is increasing. There are new players coming from Asia and Europe, so there is no risk of a delay,” he said.<\/p>\n

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[twitter-follow screen_name=’oilnewskenya’] Story by Reuters Oil and gas firms working on a project to build a liquefied\u00a0natural gas\u00a0(LNG) export plant in Tanzania have picked a location, and the government has … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[6],"tags":[234,858,1415,1428,1696,1925,2370,2404,2466,2476],"class_list":["post-516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-by-others","tag-bg","tag-exxon-mobil","tag-lindi","tag-lng","tag-natural-gas","tag-ophir","tag-sospeter-muhongo","tag-statoil","tag-tanzania","tag-tanzanias-energy-minister","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/5-lng-ship.jpg?fit=550%2C413&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-8k","jetpack-related-posts":[{"id":757,"url":"https:\/\/www.oilnewskenya.com\/index.php\/lng-export-terminal-could-be-expanded\/","url_meta":{"origin":516,"position":0},"title":"Tanzania’s LNG export terminal could be expanded","author":"Samuel Kamau Mbote","date":"March 21, 2014","format":false,"excerpt":"Courtesy of Reuters Tanzania's first planned liquefied natural gas (LNG) export terminal could be expanded after the project partners discovered more gas than expected, shareholder Ophir Energy said. 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