Tanzania Targets Pre-June Deal on $42 Billion LNG Megaproject, Boosting Long-Term Gas Supply Outlook

Tanzania aims to finalize an agreement before June for its long-delayed $42 billion liquefied natural gas development, according to a senior government official, with first output targeted in about eight years. The project, led jointly by Equinor and Shell, is expected to monetize roughly 47 trillion cubic feet of offshore gas, reinforcing East Africa’s position as an emerging LNG hub and potentially reshaping regional supply dynamics. While the announcement directly concerns LNG, it may also influence sentiment across the broader energy complex, including Oil – Brent Crude, Oil – US Crude, and Natural Gas, as investors reassess medium‑ to long‑term supply prospects and geopolitical risk premia.

Over the past month, prices have strengthened across major benchmarks: Brent crude is up about 8.3%, U.S. crude has gained roughly 7.7%, and U.S. natural gas has rallied around 27.4%, reflecting tighter balances, seasonal demand, and ongoing geopolitical uncertainties. From a short‑term technical perspective, each of these contracts currently shows a 1‑day Buy signal for Brent, a 1‑day Buy signal for U.S. crude, and a 1‑day Buy signal for natural gas, suggesting near‑term bullish momentum even as investors weigh the longer lead times and execution risks associated with new LNG megaprojects like Tanzania’s. Investors can explore more updates, prices, and analysis across global markets at Commodities.