By JULIUS BARIGABA More by this AuthorTanzania says the cost of developing its liquefied natural gas (LNG) project is $42 billion after the recent technical analysis, as the country eyes next month to sign the host government agreement and embark on the front-end engineering design of what will become the largest energy project in eastern and southern Africa. Initially, the project located offshore, had been estimated to cost about $30 billion, but some recent industry reports have quoted it at $40 billion. Tanzania has a planned 810 km of natural gas network planned for construction. The country has 2,000 households already connected to natural gas infrastructure, while 62 percent of its 1100MW electricity installed capacity is generated from natural gas from onshore sources developed at Songo Songo and Mnazi Bay power projects. Of its 57.54 trillion cubic feet of natural gas reserves, only 650 million standard cubic feet per day is being produced.

Source: Daily Nation May 13, 2023 21:00 UTC