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Market Chatter: Equinor Sees Renewed Potential in Tanzania LNG Project

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Equinor (EQNR) sees its long-delayed Tanzania liquefied natural gas project as more attractive amid disruptions to energy flows through the Strait of Hormuz, Reuters reported Tuesday, citing the company.

The $42 billion project could provide Asian customers with an alternative source of natural gas that is less exposed to Middle East geopolitical risks, the report said.

Equinor has been negotiating investment terms with Tanzania for years and now sees an opportunity to move the project forward, Reuters reported, citing Philippe Mathieu, Equinor's head of international operations.

Equinor did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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