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Tanzania: TPDC, Energetech-Tantel Partner on $100M LNG Project
Tanzanian national oil company the Tanzania Petroleum Development Corporation (TPDC) has signed a MoU with energy trading firm Energetech-Tantel to collaborate on the development of natural gas infrastructure and resource distribution.
Under the two-year partnership, the parties will undertake feasibility and engineering studies, obtain regulatory approvals, secure project financing and advance LNG production. TPDC will lead upstream activities while Energetech-Tantel will focus on downstream operations
“This partnership will enable us to deliver scalable energy solutions and fulfill our industrialization agenda. It prioritizes local content development and empowers Tanzanian businesses,” stated Goodluck Shirima; Commissioner-Petroleum and Gas; Ministry of Energy, Tanzania.
The $100 million project aims to achieve first LNG output within 12 months, initially producing 20-30 million standard cubic feet of gas per day with plans to scale up to 100 million standard cubic feet.