- Tanzania has selected U.S. law firm Baker Botts LLP as an adviser to help conclude talks with international oil companies over a long-delayed $30 billion liquefied natural gas terminal.
- The project involves development and construction of an onshore LNG plant to process and liquify natural gas from significant offshore natural gas discoveries in Tanzania and to export liquified natural gas to international markets.
“The nation wants to sign a Host Government Agreement with oil majors,” Energy Minister January Makamba said. The move will give further impetus to the LNG project that’s been under consideration since 2014 and gained momentum after President Samia Suluhu Hassan took office in March last year.
“We are proud that the Government of Tanzania has selected Baker Botts as LNG Transaction Advisor for negotiations with IOC companies Equinor, Shell and ExxonMobil for the onshore LNG plant to be constructed in Lindi, South of Tanzania,” commented Baker Botts in a Twitter feed.
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The accord will outline the commercial, legal and technical aspects of the project, Makamba said in the northern Tanzanian city of Arusha.
The project involves building a two-train onshore LNG plant to tap into huge offshore natural gas discoveries south of the East African nation.
Author: Bryan Groenendaal
Source: Baker Botts