Tanzania is nearing completion of negotiations for its proposed $42 billion liquefied natural gas (LNG) project after talks with energy majors Equinor, ExxonMobil, and Shell concluded in Dar es Salaam, officials said.
The government said commercial and tax terms for the project had been finalized, with the next phase focused on converting the agreements into binding contracts ahead of expected construction deal signings in June 2026.
The LNG project, based on Tanzania’s vast offshore natural gas reserves, is considered one of the country’s largest planned energy investments and is expected to strengthen its position as a future exporter of liquefied natural gas.
Officials said the government was working with international law firm Baker & Botts LLP on the negotiations and final legal framework.
The project has faced years of delays amid complex negotiations over fiscal terms, regulatory arrangements and global energy market shifts. Tanzania hopes the project will attract billions of dollars in foreign investment and create jobs while boosting long-term export revenues.
Equinor, ExxonMobil, and Shell are among the companies involved in developing Tanzania’s offshore gas fields linked to the LNG project.
