Tanzania's planned Liquefied Natural Gas (LNG) project in Lindi, valued at more than 70 tri/- is expected to become one of the country’s largest investments, creating jobs, attracting private capital and advancing the government’s Vision 2050.
The project, to be implemented by the Tanzania Petroleum Development Corporation (TPDC), is expected to begin later this year following ongoing negotiations with investors.It will commercialise more than 47 trillion cubic feet (TCF) of discovered natural gas reserves.
Speaking at the ongoing 50th Dar es Salaam International Trade Fair (DITF), TPDC Geologist, Samwel Magambo said the investment would have far-reaching economic benefits beyond the energy sector by stimulating demand for goods and services across the economy.
“This is one of the largest projects Tanzania has ever undertaken. It will create substantial employment opportunities and Tanzanians should prepare themselves to take advantage of the business and investment opportunities that will emerge,” he said.
Mr Magambo said negotiations with potential investors are continuing, with the government seeking an agreement that delivers mutual benefits while safeguarding national interests.
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