Africa-Press – Tanzania. TANZANIA’s Petroleum Development Corporation (TPDC) has signed an advisory service agreement with a British firm–Baker Botts (UK) LLP seeking expert opinion over the ongoing negotiations with oil marketing companies to build a liquefied natural gas plant (LNG).
The East African country has an estimate of 57 trillion cubic feet of natural gas reserves. Unsettled disagreements, however, with oil corporations had slowed the country’s plan to advance into investing in a liquefied natural gas plant.
Speaking shortly after witnessing the signing of the service agreement, Energy Minister Januari Makamba said in Arusha on Tuesday that such co-operations are normal in international negotiation of major projects such as the LNG.
“Tanzania discovered large quantities of natural gas offshore in block 1, 2, and 4 and since Nov. 8, 2021 there has been discussions between the government and the oil companies,” he said.
Makamba explained that the procurement process for the consultant was in accordance with the law and that the consulting work is expected to start today Jan. 25, 2022.
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