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Tanzania finalises land deal for delayed LNG project

Tanzania says it had finalised a land acquisition for the site of a planned liquefied natural gas (LNG) plant.

Tanzania’s natural gas reserves are estimated at more than 55 trillion cubic feet (tcf) and the central bank believes 2 percentage points would be added to annual economic growth of 7 percent simply by starting work on the huge plant that would draw in billions of dollars of investment.

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