Tanzania LNG Project advances as energy firms and government conclude key negotiations

International Energy Companies (IEC), which are negotiating the LNG project with the Tanzanian government, claim significant progress has been made.According to Jared Kuehl, Shell's vice president and country head for Tanzania, the energy companies (IEC) have completed consultations with the Tanzanian government. "The international energy companies involved in the Tanzania LNG opportunity are pleased that important negotiations with the government of Tanzania have concluded," Mr. Kuehl stated. "Subject to the successful completion of the assurance process in the coming weeks, we anticipate signing the Host Government Agreement (HGA) that covers the project's onshore elements and a production sharing agreement (PSA) that oversees its upstream components," he added.Regarding the end of negotiations with the IEC, the Tanzanian government has not yet made an official announcement.ExxonMobil, MedcoEnergi, Pavilion Energy, TPDC, and the Tanzanian government are some of the partners. According to Tanzania's lead negotiator Charles Sangweni, the agreement also addresses land usage and security. "We are happy it is a big step towards the implementation of the project although we have a lot to do. If everything goes well as planned, I am confident that the final investment decision will be reached in 2025," Sangweni.