Bloomberg: Tanzania Sees Decision on $15 Billion LNG Project in Three Years

Tanzania, holder of East Africa’s biggest natural-gas reserves after Mozambique, will decide on a $15 billion export plant in three years, potentially adding to a glut of supply projects from the U.S. to Australia.

Construction of the 10 million-ton-a-year liquefied natural gas plant would probably be complete around 2020, said Willington Hudson, a director at state-run Tanzania Petroleum Development Corp. BG Group Plc and Statoil ASA are still drilling the fields that would feed the plant, he said.

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