Tuesday 9 March 2021
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allafrica - 18 days ago

Tanzania: Equinor Writes Off Tanzania Liquefied Natural Gas Project

[East African] State-owned Equinor ASA of Norway is writing off its $982 million liquefied natural gas project in Tanzania (TLNG), as overall economics have not improved sufficiently to justify keeping it on the balance sheet. This will be reflected in adjusted earnings for EPI division in fourth quarter 2020 results.


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