IOCs are making progress on host government agreement (HGA) negotiations for Tanzania’s 10 mtpa LNG project, which could protect their investments from two new laws reasserting state control over the East African country’s natural resources.
Shell, Statoil, ExxonMobil and Ophir Energy submitted the first draft of the HGA to the government for comment in April, and the government negotiating team has since sent back its response. “There’s some gaps to close,” said one source working closely on the project.
Given the complexity of the document and the...
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