Equinor targets US, UK and Brazil for cash flow growth
“But most of the cash flow increase is coming from improvements in the quality of the portfolio. We're shifting from mature legacy assets to next generation assets.”
“But most of the cash flow increase is coming from improvements in the quality of the portfolio. We're shifting from mature legacy assets to next generation assets.”
Tanzania’s LNG project could transform the East African state’s economy, stimulating domestic investment and securing Asian markets – if the plan can move ahead on time, Stanbic Bank Tanzania has said in a new report.
Major investors have signed a framework agreement with Tanzania, marking progress for the country’s LNG aspirations.
Tanzania has chosen the UK office of Baker Botts and GaffneyCline to lead talks with foreign investors on a proposed LNG export facility.
ExxonMobil continues to hold out hope for its Rovuma LNG project, in Mozambique, while Shell has held talks with the Tanzanian government on another East African export plan.
Tanzanian President Samia Suluhu Hassan aims to wrap up talks on an LNG project within six months, but the government faces a tough task in securing new investments.
East Africa is in a prime location to export gas globally but growth and progress has largely been slow, largely because of fluctuating liquified natural gas prices, political instability and terrorism.
Shell and Equinor executives in Tanzania have issued a plea for the country to support the proposed LNG project in Lindi.
Equinor has taken a write down of the value of its Tanzania LNG project, wiping $982 million off its books.