Tanzania LNG

Equinor Writes Down Tanzania LNG Project on Weak Economics

Equinor Writes Down Tanzania LNG Project on Weak Economics

Equinor ASA said Friday it would make a $982 million writedown of its Tanzania liquefied natural gas (TLNG) export project proposed for east Africa, saying it does not currently compete with other projects in the company’s portfolio. “While progress has been made in recent years on the commercial framework for TLNG, overall project economics have…

January 29, 2021