Tanzania has reached an agreement with supermajors to build a sizable LNG export terminal as part of its efforts to accelerate the development of its natural gas resources, as seen in The Citizen, a Tanzanian news publication.
Tanzania’s Energy Minister January disclosed via an interview with Bloomberg on Thursday that Tanzania Petroleum Development Corporation (TPDC) and CNOOC, a Chinese state-owned offshore oil and gas corporation, want to begin offshore exploration.
“We believe that Tanzania has more gas, and possibly oil, to be discovered because only 30% of the area with potential for oil and gas resources has been explored so far,” the Tanzanian minister told Bloomberg.
