70tri/- LNG project set to reshape Tanzania's economy
DAR ES SALAAM, July 5 -- TANZANIAS planned Liquefied Natural Gas (LNG) project in Lindi, valued at more than 70 tri/- is expected to become one of the countrys largest investments, creating jobs, attracting private capital and advancing the governments Vision 2050.
The project, to be implemented by the Tanzania Petroleum Development Corporation (TPDC), is expected to begin later this year following ongoing negotiations with investors.It will commercialise more than 47 trillion cubic feet (TCF) of discovered natural gas reserves.
Speaking at the ongoing 50th Dar es Salaam International Trade Fair (DITF), TPDC Geologist, Samwel Magambo said the investment would have far-reaching economic benefits beyond the energy sector by stimulating de...
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