Progress Stalls On Shell-Equinor $42-Billion LNG Project in Tanzania

Shell and Equinor are still expecting the signing of all agreements which would allow them to start developing a planned $42-billion LNG export project in Tanzania, the international majors have told Bloomberg. The LNG project for connecting offshore natural gas discoveries offshore Tanzania with an export terminal on its coast has been nearly a decade in the making.   After buying BG Group in 2016, Shell became the operator of two offshore blocks in Tanzania, Block 1 and Block 4, together with its partners Medco Energi (Ophir…