Stavanger. Disruptions to energy flows through the Strait of Hormuz are making Tanzania’s long-stalled liquefied natural gas (LNG) project more attractive to Equinor, the Norwegian energy company said on Tuesday.
The ongoing US-Israeli conflict with Iran has disrupted energy supplies from the Gulf, raising concerns over the reliability of major LNG producers in the region, including Qatar, and increasing interest in alternative sources of supply.
Tanzania’s LNG project, whose development cost has been estimated at about $42 billion, could provide an alternative source of gas for Asian markets. The project is based on natural gas reserves discovered more than a decade ago.
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