Arab Today, arab today tanzania wants lng production
Last Updated : GMT 23:30:16
Arab Today, arab today
Arab Today, arab today

Tanzania wants LNG production

Arab Today, arab today

Arab Today, arab today Tanzania wants LNG production

Dodoma - UPI

Tanzania has begun to develop its liquefied natural gas facilities. Tanzania Deputy Minister for Energy and Natural Resources Masele has been in discussions with Norwegian energy company Statoil Vice President Tim Dodson to convince BG Group PLC to support building an LGN plant in Tanzania. \"Despite being a costly project in its implementation, its completion will be very beneficial to the government and the country at large and that is why we are insisting on developing it in dry lands,\" Masele said. Dodson, however, remained skeptical, noting that with 9 trillion cubic feet of natural gas already discovered in Tanzania it is insufficient at present for a viable LNG project. He did say that Statoil can talk to BG to see if building an LNG processing facility might be possible through cooperation, with either the Tanzanian government or foreign partners, the Tanzanian Daily News reported Tuesday. The costs involved aren\'t insignificant. Building an LNG plant costs at least $1.5 billion per 1 million metric ton per annum, a receiving terminal costs $1 billion per 1 billion cubic feet per day throughput capacity and LNG tanker vessels cost $200 million-$300 million apiece. Generally since the early 2000s, competition and new technologies have seen the prices for construction of LNG plants, receiving terminals and vessels fall, making LNG more competitive as an energy source, but recently rising material costs and demand for construction contractors have driven up prices. The standard price for a 125,000-cubic-meter LNG vessel built in European and Japanese shipyards until recently was $250 million but when South Korean and Chinese shipyards began building KNG tankers, costs declined 60 percent, and costs also declined because of the devaluation of the Japanese yen and Korean won, the currencies of the world\'s largest shipbuilders, declining by approximately 35 percent. \"Roughly, the host country can expect to get around 40 percent of total revenues depending on the tax regime and the production sharing agreement,\" said World Bank official Jacques Morisse. \"This means for Tanzania around 7 percent of its projected (gross domestic product) or about a third of its current fiscal revenues if all above reserves can be exploited. These fiscal resources, while considerable, will not be sufficient to transform Tanzania.\" A majority of the world\'s LNG supply comes from countries with the largest natural gas reserves: Algeria, Australia, Brunei, Indonesia, Libya, Malaysia, Nigeria, Oman, Qatar, and, in the Western Hemisphere, Trinidad, and Tobago. LNG is transported in double hulled ships specifically designed to handle the low temperature of LNG. Tanzania should its ventures prove successful accordingly would become East Africa\'s first substantial LNG exporter. While Tanzania has yet to declare where its shipments should go, the logical new market is East Asia.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tanzania wants lng production Arab Today, arab today tanzania wants lng production

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tanzania wants lng production Arab Today, arab today tanzania wants lng production

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday