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Tanzania to Resume Oil, Gas Negotiations After a Yearlong Stall
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Tanzania to Resume Oil, Gas Negotiations in 2021
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Tanzania to resume oil, gas negotiations after a yearlong stall
Dar es Salaam. The Tanzania Petroleum Development Corporation (TPDC) is optimistic that Host Government Agreement (HGA) negotiations between the government and International Oil and Gas Companies (IOCs) on the Liquefied natural gas (LNG) are set to resume in January 2021.
This is after they stalled for about a year following the government’s decision to review Production Sharing Agreements (PSAs), which according to reports, Tanzania is seeking to scrap sections on the contract that seem tilted against it.
The government and project developers were initially expected to have concluded the negotiations September 2019, a key decision that could pave the way to the final investment decision to be made.