Shell, Equinor commit to Tanzania LNG as they await host accord

Royal Dutch Shell Plc and Equinor ASA said they are committed to a project that will allow the export of natural gas from Tanzania.

Photo: Ritzau Scanpix/Claus Bonnerup.

Proposals to build a USD 30 billion liquefied-natural-gas plant, in gestation since 2014, have been clouded by policy uncertainty in Tanzania's extractives industry. Investor sentiment toward the East African nation has been soured by the government's overhaul of mining legislation that has enabled it to renegotiate contracts.

Still, companies involved in the country's gas industry maintain they are prepared to move forward.

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