African countries are already booking stakes in Tanzania’s $42 Billion LNG project

/in /by

Shell is not done building super-expensive LNG plants. They just stopped its Prelude disaster sinking many billions, and there is the next adventure again. More than 40 billion for a 15 million tons plant is a steep price tag. Not as steep as Gorgon was in Australia or even the PNG projects but it’s still awfully expensive. The only way to make such a project is by considering that the world will pay through the nose for its energy forever. What if the world goes into a recession? What if the markets that were supposed to carry this cannot afford the product anymore? But managers will have cashed their bonuses by then so what do they care? 

African countries are already booking stakes in Tanzania’s $42 Billion LNG project
African countries are already booking stakes in Tanzania’s $42 Billion LNG project

As it prepares to sign the host government agreement and begin the front-end engineering design of what will become the largest energy project in eastern and southern Africa, Tanzania estimates that the cost of developing…
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