Cautionary tale from Tanzania21 Nov 2021 11:08
Tanzania is only just now preparing to put in a LNG export facility, it has wasted nearly a decade getting to that point...so what happened to make it so slow (and miss out on the current boom market for gas)?........it's gas exporting rival Quatar saw a potential emerging competitor for it's export market and offered 'advice' to Tanzania on how to be an emerging gas player!...the result was suspicion and total paranoia re. foreign oil and gas majors and a snail's pace legislative process that put the majors off....in the meantime Quatar signed a lucrative export deal with China....Tanzania is playing catch-up following the demise of it's previous president who had been frozen with suspicion and terror and unwilling to act to move the country forward while he spent loads of money on big domestic power plants, factories, roads and infrastructure before any real money flow from gas (the'presource curse' where a country blessed with abundant resources spends money before realistic production thereof) most of these factories aren't yet running due to insistence on employment of locals who lack skills, the result of trying to promise everyone a job, the reallity a load of stalled expensive projects.....the precautionary tale is just get the gas producing and use the expertise of majors and people who know what they are doing!!!! and never take advice from your market rivals!