KN-1 has been tied into the regional pipeline infrastructure and will deliver gas to the new adjacent Songo Songo processing plant, ultimately serving the local power market.
All gas produced during the build-up to full production rates will be paid for under the terms of a recently signed Gas Sales Agreement signed with the sole buyer, Tanzania Petroleum Development Corporation (TPDC).
Aminex will receive US$3/MMbtu (approximately US$3.07 per Mcf) with expected net cash revenues of US$10-15 million per annum according to the statement.
Yes edgar you are right BUT I was refering to a specific interview that NR had some months ago (coincided with initiation of T&C) when he referred to "growing the market" with specific reference to KN1 .... Infering that the was currently insufficient demand for gas to cover the anticipated 30 mmscf/d from KN1.
I am perfectly aware of the options regarding an EPS for Ruvuma (Madimba freeport and Dangote cement factory etc) - NR's was a different conversation relating only to KN1.
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