Uganda and Tanzania have inked an agreement to conduct a feasibility study for a gas pipeline connecting Tanzania’s expansive yet secluded deepwater gas fields to Kampala, as stated by the energy ministers of the two countries.
Tanzania is currently awaiting cabinet approval for a $42 billion liquefied natural gas (LNG) project aimed at tapping into its substantial 57.5 trillion cubic feet of natural gas reserves.
In May, Tanzania’s energy ministry reached an agreement with Equinor (EQNR.OL), Shell (SHEL.L), and Exxon Mobil (XOM.N) for the development of an LNG export terminal, marking a significant step forward after years of delays, Reuters reported.
“Time is running, we are behind time, let us make it happen,” Tanzania’s deputy prime minister and energy minister Doto Biteko said during a signing ceremony in the capital city Dodoma late on Thursday.
Source: BI
