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Agreed SC. As I posted on Telegram a short while ago:
I agree it needs to be formally confirmed. It is pretty darned specific though. South East Mtwara. Points directly as Ntorya/Madimba.
Lindi obviously plans to have its own LNG processing facility and that is 100k North.
It’s just one article I agree but it all adds up.
If I were Uganda…
“I want to buy your gas. I need to know how much it will cost before we start spending on a pipeline (which they have)”
“Oh, you haven’t agreed a price for the offshore gas? In fact negotiations aren’t going very well at all? Oh!”
“You’ve discovered a world class gas field onshore? Wow! Great! You’ve agreed the GSA and the gas will be ready from next year and at a much lower cost that the offshore stuff?” Blo*dy amazing”
“Ok, sign me up. Let’s crack on with spending money on planning that pipeline then”
From about two weeks ago:
https://www.monitor.co.ug/uganda/news/national/gas-pipeline-study-to-cost-uganda-tanzania-shs5-6b-4599142
Ufufuo,
When you go from a few TCF to over 16.38 TCF it opens up that opportunity. The deep water gas can come along when the massive LNG plant is built, until then, Ntorya could supply part of its gas to Uganda.
The LNG plant won't be up and running until 2030, and with the government looking at renegotiating the deal, that could easily be a few years more.
https://jpt.spe.org/tanzanian-government-producing-partners-sign-30-billion-deal-for-lng-export-terminal
Meanwhile, Uganda is desperate for the gas:
"Tanzania has nearly 50 trillion cubic feet of gas that it is exploring, which is more than enough to power the entire country and supply more to neighbouring countries. In Uganda, TotalEnergies and Cnooc – the operators of the Tilenga and Kingfisher oil fields respectively– intend to develop gas facilities. Uganda has an estimated 500 billion cubic feet of gas."
"This gas, which is expected to be depleted in just eight years, will be used to mainly power the different project infrastructure such as the central processing facilities, the flowlines and the crude export pipeline to Tanzania, among others. A small amount of this gas will be converted into liquefied petroleum gas for domestic consumption."
"Many homes in Uganda still use charcoal, which accounts for most of their energy needs. The use of charcoal has placed pressure on Uganda’s forest cover. Official figures place the loss of 72,000 hectares of forest cover annually on firewood and charcoal. This is equivalent to 100,000 football pitches, according to Uganda’s Energy Transition Plan."
"Shifting many of these homes to the use of gas is being seen as of paramount importance. It is not the first time that Uganda and Tanzania have discussed plans to build a gas pipeline. Tanzania’s government told Uganda about its interest to sell some of its large quantities of gas to neighbouring countries nearly 10 years ago."
https://observer.ug/index.php/businessnews/80969-uganda-tanzania-agree-on-new-route-for-gas-pipeline
No surprise for a trade of 1.3 million
Almost full ask there.
They may plan to hook up to Madimba and take our gas from there? That’s even further east. Either way, it seems clear that the pipeline to ship gas to Uganda is starting from on our doorstep!
An excellent find by B on Telegram just now. This article mentions that they plan:
“a reverse liquefied natural gas (LNG) pipeline from the south-eastern Mtwara region to Uganda”
Our licence is Mtwara obviously. The offshore LNG is Lindi - about 100km North of Mtwara.
Ntorya is to the South and East of Mtwara.
This strongly suggests the pipeline to Uganda will use our gas.
https://www.monitor.co.ug/uganda/news/national/uganda-tanzania-trade-deficit-reduces-by-shs22b-4618968
Yes, now at 1.45 again.
Rojos friend premature as usual
RJ, I notice that they have finally closed the spread a little; 1.40 - 1.50p now, Let's hope it stays that way!
£2.37? that should get you a packet of smarties from the tuck shop. After your behaviour last night I'm surprised you are still on this board let alone allowed to post.
1.3coming already.so let see 1p soon
Lets hope johnnyflatearth and friends are not fooled by this 'repetitive indoctrination".
Sounds dreadful.
1.45 current but yes they have kept the spread on this wide over the last week or so. 14% at 1.3 - 1.5
Sp up and down like a yoyo this morning (or is that joyo?) - and a bloody ridiculous spread 1.30 - 1.50!
Important to get your tweets out 😉
We finally have a PR company that knows what it is doing. Drip feeding the market to create awareness prior to the big news.
Advertisers do it every day as do governments when they want you to swallow their polices. Repetitive indoctrination!
This is the build up and it would be no surprise if the licence is announced on Monday
MAX - I don't think anyone is "hell bent" on the License but until and unless it is delivered certain material developments are being held up - rig contract and a spud date for CH1 for example. Today's news is good and bodes well for further news in the short term but I, for one, would love to know that we have a rig contract in the bag and can look forward to a date for CH1 drilling.
I love the fact that Aminex is now broadcasting on all channels!!! Website articles, RNS, X / Twitter, Instagram and LinkedIn that I have seen.
📡 📡 📡 📡
Rojo we nearly near your 2p exit! will you be taking leave, or swallow your pride and make some money! ;-)
Why are people so hell bent on the liesence.
This update tells us all is inline. when the license comes it will come... i think the quick hoppers are crying out for it.
long term holders have been crying out for more comms, finally we get it and we still have people whinging! Bloody hell!
its friday enjoy the blue day!
I think they are past the bureaucracy now and are working on what will undoubtedly be a huge licences presentation event. All the important people need to be available. All of the typical big event details have to be arranged, services booked etc.
"This commitment is rooted in Ntorya's importance in helping to relieve energy poverty and improve energy security for the people of Tanzania"
It's not just a license presentation, it's presenting the "cheap gas for everyone, prosperity for the country" to the whole of Tanzania. It's a huge event to organise and will therefore take time.
Oh dear me, Rojo, 1.40 - 1.55p now... so disappointing :0(
Err...morning senora.
One thing to bear in mind with the pipeline build is the weather. Unlike the drilling building the pipeline would be compromised by the "rainy season" so the timing I would suggest will be determined by their having to use a window that avoids the heavy rains. So, maybe as SC alludes a January kick off would be appropriate and would coincide with a December Spud date for CH1.
Do not forget we are dealing with a government civil service here. They will do what the minister orders ... but it may take a little time! After a career spent working in some 50% of African nations, I can assure you, it never works to be impatient.
Someone experienced in this said on this board that they could do it in 6-8 weeks. That would make it doable this year so long as the government fast track their processes.
If not then starting in January it would still be finished well before mid 2025.
At least they are showing some urgency now under the new Energy Minister / Deputy Prime Minister. Something we've not really seen from Tanzania politicians until now. He was appointed in September 2023.