Tanzania: Cabinet to Start Talks for $30B LNG Project

Tanzania: Cabinet to Start Talks for $30B LNG Project

(Bloomberg) — Tanzania plans to negotiate terms for developing a $30 billion liquefied natural gas project with companies between April and September, the Energy Ministry said. Advertisements

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Global Markets: “Global LNG supply to rise by 35 million tonnes in 2019” – Shell

Global Markets: “Global LNG supply to rise by 35 million tonnes in 2019” – Shell

Strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in liquefied natural gas (LNG) use in 2018, with global demand rising by 27 million tonnes to 319 million tonnes, according to Shell’s latest annual LNG Outlook.

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Africa Oil & Gas: Shell, Eni, Exxon win blocks in Egypt

Africa Oil & Gas: Shell, Eni, Exxon win blocks in Egypt

Egypt held a tender for oil and gas exploration, and Royal Dutch Shell (NYSE: RDS.A) won the most (three for oil and two for gas). ExxonMobil (NYSE: XOM) made its debut in Egypt.

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Global Markets: Shell leads cash race but Exxon catching up

Global Markets: Shell leads cash race but Exxon catching up

Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production.

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Mozambique Oil & Gas: Is this the LNG year for Mozambique?

Mozambique Oil & Gas: Is this the LNG year for Mozambique?

Financial scandal and security issues are the latest challenges to be overcome in Mozambique’s long-delayed emergence into the world of LNG. However, a raft of off-take agreements for two major projects in the country’s north should make 2019 a pivotal year as investors move towards final investment decisions. These projects would represent Mozambique’s biggest foreign direct investments to date.

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Mozambique Oil & Gas: Anadarko announces LNG sale and purchase agreement with Shell

Mozambique Oil & Gas: Anadarko announces LNG sale and purchase agreement with Shell

Anadarko Petroleum Corporation (NYSE: APC) today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with Shell International Trading Middle East Ltd. (Shell). The SPA is for 2 million tonnes of LNG per annum (MTPA) for a term of 13 years.

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