LNG

Tanzania is working towards signing a $42 billion LNG project agreement before June, with first production envisaged in eight years, Planning and Investment Minister Aida Mkumbo said during a London briefing. The project targets 47 Tcf of offshore reserves in Blocks 1, 2, and 4 off Lindi in southern Tanzania, with a view to developing a 10 mtpa LNG export terminal.

PetroVietnam has begun construction of the VND27.7 trillion ($1.05 billion) O Mon IV power plant in the Mekong Delta. LNG imports – through terminals in Thi Vai and potentially Son My – could serve as backup feedstock to ensure project timelines for the 1.1 GW plant, given that domestic fuel supply from Block B is delayed.

French energy major TotalEnergies has acquired stakes in multiple blocks offshore Malaysia and Indonesia from Petronas, targeting oil prospects with a view to export LNG from Malaysia from 2030.