LE BRIEF

Tanzania: talks progress on the LNG megaproject estimated at US$42 billion

LE BRIEF • 2026-10-14

Dar es Salaam reports progress but gives no signing date. US$42 billion remains the project’s estimated cost: no final investment decision has been announced.

LE BRIEF, Wednesday 14 October 2026: Africa and Gulf special edition Country : Tanzania Source publication : 13 October 2026 Event : Announcement on 13 October 2026 Photograph supplied for the Tanzanian gas report. It is not presented as the signing of a definitive agreement. Tanzania has announced further progress in negotiations on its liquefied natural gas project, estimated at US$42 billion, one of the largest energy programmes envisaged in East Africa. Finance Minister Khamis Mussa Omar said discussions were nearing completion, without providing a definitive date for signing the agreements. Developing offshore gas for exports and domestic use The project is backed by a consortium including Equinor, Shell, ExxonMobil, Pavilion Energy, Medco Energi and Tanzania Petroleum Development Corporation. It is intended to develop substantial offshore gas resources estimated at approximately 47.13 trillion cubic feet. A significant share of the gas would be exported in liquefied form, while developing the domestic market could support electricity generation and industrialisation. Agreements still under negotiation Negotiations concern the contractual, economic and regulatory conditions required to implement the programme. The authorities had previously envisaged completing the agreements before June 2026. That deadline was not met. Tanzania also wants to expand electricity capacity...