• 5 minutes Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 9 minutes Sell out now or hold on?
  • 16 minutes Oil prices going down
  • 37 mins Oil prices going down
  • 13 hours After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 2 hours Sell out now or hold on?
  • 3 hours Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 22 mins Oil and Trade War
  • 12 hours Two Koreas Agree To March Together At Asian Games
  • 4 hours When will oil demand start declining due to EVs?
  • 3 hours What If Canada Had Wind and Not Oilsands?
  • 2 hours Russia and Saudi Arabia to have a chat on oil during FIFA World Cup - report
  • 4 hours Correlation Between Oil Sweet Spots and Real Estate Hot Spots
  • 4 hours venezuala oil crisis
  • 2 hours Trump Hits China With Tariffs On $50 Billion Of Goods
  • 13 hours Geopolitical and Political Risks make their strong comeback to global oil and gas markets
  • 40 mins Germany Orders Daimler to Recall 774,000 Diesel Cars in Europe
  • 22 hours No LNG Pipelines? Let the Trucks Roll In
  • 22 hours China & India in talks to form anti-OPEC

Breaking News:

Egypt Raises Fuel Prices By Up To 50%

Alt Text

The Permian Faces A Long Term Natural Gas Crisis

Bottlenecks in the Permian have…

Alt Text

Trump’s Tariffs On EU Are Great News For Russia

Souring trade relations between the…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

One Of The Brightest Prospects In LNG

 

Introduction

When Royal Dutch Shell (NYSE: RDS.A) proposed the acquisition of BG Group (LON: BG), it was staking its future on the growth of liquefied natural gas (LNG).

Much of the attention focused on BG Group’s Australian assets. In Australia’s northeast, BG is behind the Queensland Curtis LNG project, a large export facility that could earn BG (and if the deal goes through, the combined Shell-BG company) a large return for years to come.

While Australia has positioned itself to become one of the largest exporters of LNG, it is not the only player in the market.

East Africa also has large deposits of natural gas and is geographically positioned to capitalize on exports. And it is here where BG also has a strong presence, and its assets in Kenya and Tanzania certainly did not go unnoticed by Shell executives.

East Africa Natural Gas Discoveries

Tanzania is pushing hard to develop their oil and gas resources. It is still in the early phases, as infrastructure and actual investment dollars committed need to catch up to the excitement. But there is a lot to like about the region, particularly offshore.

BG got a foothold in Tanzania in 2010, and it is sitting on several blocks offshore that have a lot of potential. It farmed into blocks 1, 3, and 4 (see map), taking a 60 percent ownership stake in them. The original holder was Ophir Energy (LON: OPHR), a small company that actually holds the largest net…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News