Equinor shelves Tanzania LNG citing high costs, lack of government agreement

摘要

Equinor has shelved its planned 10 mtpa Tanzania LNG project, citing high development costs and the failure to conclude a commercial framework with the government for the project, the firm said on Friday. Equinor said it will write down the project on its balance sheet by USD 982 million which would be reflected in the company’s Q4’20 results – expected on 10 February.