Dar es Salaam. President Samia Suluhu Hassan’s directive that negotiations with international oil companies (IOC) on the proposed $30 billion (Sh69 trillion) liquefied natural gas (LNG) complex in Lindi Region be expedited has revived hopes that the project will finally be implemented.
The Host Government Agreement (HGA) discussions on the construction of the project - which have stalled for more than three years - are expected to resume next month, the Tanzania Petroleum Development Corporation (TPDC) managing director James Mataragio has revealed.
Addressing Parliament last week, President Hassan said the negotiations have dragged on for a long time and insisted that it was about the time they [the negotiations] were swiftly conducted and finalised once and for all.
“It has been six years now since we started these negotiations but nothing tangible has been achieved so we can start actual construction of the LNG plant. The long wait is over and we are going to do it now,” she told the House last week.
Her orders meant to quickly finish the necessary procedures for the construction of the project to kick off soon.
True to the President’s call, Dr Mataragio told The Citizen yesterday that all was set for the negotiations to start next month, noting that experts from both sides [the government and international oil companies] will conduct the discussions for a period of six months.