Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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he would be banned within two weeks on the Telegram and that's with a yellow card added into the mix LOL, now 37 members on there now and way beyond my expectations at this point in time, no seriously I love debate but make you point and Crusty make some cracking Arguments tbf
"BG you still seem to have missed one crucial point; the offshore gas is bloody expensive to produce - the TPDC certainly won't be buying that at Kiliwani prices of US$3.00 per mmbtu"
O dear Crusty, of you go again, nobody missed a crucial point, on the contrary your hot headedness seems to have misunderstood my post.
sorry Crusty but it was you that said assumed, and if i recall correctly, it was stated or should i say assumed by a CEO or someone of high rank of one of the big companies involved, some years back now. and yes i agree it is immaterial in comparison to Ntorya's development in the coming years.
Plus BG you still seem to have missed one crucial point; the offshore gas is bloody expensive to produce - the TPDC certainly won't be buying that at Kiliwani prices of US$3.00 per mmbtu; even at Orca's US$8.00 per mmbtu.....Why oh why would they be using really expensive gas to fuel their Domestic economy via the onshore pipeline when they have bucket loads of very cheap gas already onshore?
Are you suggesting that they won't be getting a share of the offshore profits in any event?
In any event I cannot believe that many or even any of existing shareholders will still be invested in any meaningful form by the time LNG starts to earn a material income. One and a bit decades is more than enough; some will be lucky to still be alive ;0)
Not just assumed BG but stated.....
yes i'm sure that has been assumed by some, but the thing is, if they do bring or pipe the off-shore gas ashore to be processed at Lindi, and not on LNG processing ships, (which we know Shell would like to, as its easer and cheaper) then there would be no physical barriers (if it was part of the deal/agreements between Gov and Shell) to pipe some of the off-shore gas once on land, into the national gas infrastructure, which i'm sure the Tanzy Gov would like to get a share of it if they could. anyway, time will tell, but one thing is for sure its going to be a difficult expensive project to get the off-shore gas to on-shore Lindi.
"According to Shell, The offshore deepwater gas in the south of Tanzania is located in fields over 100km offshore, and some are in water that is up to 2,500m deep and 2,500m below seabed. Distance between the fields can also be over 100km apart. Depth, distance and terrain means the Tanzania LNG project is at the cutting edge of deep sea exploration technology and provides a unique opportunity for developing unique competencies and capabilities in the local supply chain and within TPDC as the project tackles these technical obstacles."
Nothing is set in stone (especially in Tanzania) BG but historically it was always assumed that Offshore gas would supply the export market linking the offshore fields directly to coastal and offshore LNG plants and thereby reducing the infrastructure (particularly pipeline) costs ands and otpimising the margins on the otherwise very expensive gas assets. Conversely the onshore gas, which can be produced very inexpensively was destined to be used onshore utilising Tanzanian onshore infrastructure thereby turbocharging the development of Tanzania's own domestic industries and future economic development. There are no current plan to link onshore pipeline to putative LNG plants.
the question for me is, will some of the gas from the large off-shore fields be also destined for the domestics natural gas market, and not be processed into LNG, i know it would be 7 plus years maybe more away with lots negotiations, but there could be then, an abundance of natural gas that could well change the market structure and the present gas players APT, M&P Orca. dominance.
May be a stretch but the mega-project could help reset foreign investor interest in the country. Magufuli, RIP, was bad for business.
The newly sworn-in Tanzania President Samia Suluhu Hassan is set to revive the long-stalled US$30B liquefied natural gas LNG project in Lindi, Tanzania.
https://furtherafrica-com.cdn.ampproject.org/c/s/furtherafrica.com/2021/04/12/tanzania-to-revive-us30b-lng-project/amp/
Looking positive for gas projects.