Policy & Regulation

Tanzania submits bills for contract renegotiations

The government of Tanzania has submitted three bills to the country’s parliament that would allow the government to renegotiate energy contracts.
By Staff reporter 30 June 2017 0 26588

The government of Tanzania has submitted three bills to the country’s parliament that would allow the government to renegotiate energy contracts, Reuters has reported.

If the bills are passed, previous contracts agreed between investors and the government on energy projects may no longer be valid.

One of the projects that could be affected is the planned 10 mpta Tanzania LNG export plant, which is being led by Shell, Statoil, ExxonMobil and Ophir Energy. FID on the project is not expected for around five years and...