Tanzania’s LNG plans

In an interview given to Ed Reed from Energy Voice, Dr Carole Nakhle, CEO of Crystol Energy, commented on Tanzania’s LNG plans and the tough task the government is facing in securing new investments.

Dr Carole Nakhle expressed her concerns about the dangers of looking at Tanzania in isolation. Following the tough times of 2020, companies are much more disciplined around spending than they were in the past, with today’s international constrained capital expected to be allocated to a country, or opportunity, that provides the best risk-reward balance.

Dr Nakhle further cautioned that Tanzania has behaved like a country sitting on massive reserves and with low costs to develop, but that’s not the case. The government should take that into consideration when developing policies. If the new administration intends to drive investment in the LNG sector, it must change these. The fiscal regime could be improved.

However, she highlighted that although there are simple recommendations, there are big challenges on implementation.

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