Equinor Eyes Tanzania LNG Amid Iran Crisis
Equinor says Middle East energy disruptions make its stalled Tanzania liquefied natural gas project more attractive. The $42 billion development offers an alternative supply source outside regions exposed to geopolitical conflict.
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EQUINOR ASA said Tuesday energy disruptions in the Strait of Hormuz make its long-stalled $42B Tanzania LNG export plant project more attractive. The project follows years of stalled negotiations over detailed investment terms with local authorities. The development aims to unlock 47.13 trillion cubic feet of natural gas for Asian markets.
