Page 13 - AfrOil Week 23 2021

AfrOil PROJECTS & COMPANIES AfrOil

He added: “So, our urea will be in the market food security”.
from Monday, and by God’s grace before the end Emefiele noted: “Nigeria needs 1-1.5mn
of this month we will start bringing in dollars tonnes of urea to meet the local demand. So, we
from the first line that we have commissioned.” have potential to export at least 3-4mn metric
Meanwhile, the company’s intention is to sat- tonnes of urea to different parts of the world.
urate the market with urea, then to ensure that With this latest development, Nigeria has
farmers are adequately trained in utilising urea become one of the major producers of urea in
to “sustain farming activities [and …] ensure the world.” ™

Tanzania reports progress in talks

with Equinor, Shell on LNG project

TANZANIA TANZANIA’S government is reportedly mak- discussions late last year, after Tanzania’s pres-
ing progress in talks with Equinor (Norway) idential election. However, this decision to wait
and Royal Dutch Shell (UK/Netherlands) on did not pay off; Magufuli did win another term,
the resumption of work at an LNG project worth but he did not return to the matter of Tanzania
$30bn. LNG before his death in March 2021.
According to Minister of Energy and Min- His successor, Samia Suluhu Hassan, has
erals Medard Kalemani, the parties are moving taken a different approach, saying she wants to
closer to a deal on the Tanzania LNG scheme. push the long-delayed project forward. In April,
“We expect to conclude negotiations for a host Hassan urged Tanzania’s Ministry of Energy and
government agreement [HGA] and review pro- Minerals to wrap up negotiations on the $30bn
duction-sharing agreements [PSAs]” by June 30, LNG project as quickly as possible.
2022, he told members of the country’s parlia- She also declared that her administration was
ment last week. willing to seek out other partners, in the event
If this deadline is met, Equinor and Shell that negotiations with Equinor and Shell were
should be able to start building an LNG plant not successful. ™
in Lindi, a port in the southern part of the coun-
try, in 2023 and wrap up construction about five
years later, Kalemani said. Tanzanian authorities
have already finalised plans for compensating
about 600 residents of Lindi for the land that will
be used for the project, he added.
When finished, the Tanzania LNG plant
will have two or three production trains with a
capacity of 5mn tonnes per year (tpy) each. The
facility will process gas from three deepwater
offshore sites containing about 35 trillion cubic
feet (991bn cubic metres) – Block 2, assigned to
Equinor, and Blocks 1 and 4, assigned to Shell –
as feedstock for LNG production.
Tanzania’s government suspended talks
on the LNG project in late 2019 in response
to then-President John Magufuli’s demand
for a review of the country’s production-shar-
ing regime. Magufuli had intended to resume Equinor’s Block 2 will provide gas for Tanzania LNG (Image: Equinor)

Week 23 09•June•2021 www. NEWSBASE .com P13