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.
Photo: Ritzau Scanpix/Claus Bonnerup.
By Bloomberg News, Ken Karuri & Paul Burkhardt

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.

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