Tanzanian LNG project delayed as government seeks to change terms, sources say [Yahoo! Finance]
Equinor ASA (EQNR)
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Source: Yahoo! Finance
been delayed by proposed government changes to a financial agreement reached last year, two sources from companies involved in the project said. The government and investors announced last May they had completed negotiations on the long-delayed project to unlock Tanzania's vast offshore gas resources. Equinor and Shell are joint operators while Exxon Mobil, Pavilion Energy, Medco Energi and Tanzania's national oil company TPDC are partners. The government said at the time that the cabinet would review the agreements the following month. After months without an update, Energy Minister Doto Biteko told parliament last month that the attorney general and other government institutions had provided feedback on the deals and negotiations were expected to conclude during the 2024/25 fiscal year. A source from one of the investors said the delay related to changes that Biteko proposed to the host government agreement after he became energy minister last August. Biteko also serves as d
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EQNR
Earnings
- 7/26/23 - Miss
EQNR
Sec Filings
- 5/15/24 - Form 6-K
- 5/14/24 - Form 6-K
- 4/30/24 - Form 6-K
- EQNR's page on the SEC website