Ophir Energy Says Tanzania LNG Project Could be Expanded

Reuters

LONDON, March 20 (Reuters) – Tanzania's first planned liquefied natural gas (LNG) export terminal could be expanded after the project partners discovered more gas than expected, shareholder Ophir Energy said.

East Africa, tipped to become one of the next big gas-producing regions after huge discoveries in recent years, is in a race with the likes of Russia, Australia and Canada to feed an expected supply gap around the turn of the decade.

Tanzania's LNG export terminal, backed by Britain's BG Group and Norway's Statoil, is expected to start shipping gas to customers from around 2020, with a final investment decision expected in 2016. U.S. oil major Exxon Mobil is also a shareholder.

 

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