Tanzania May Renegotiate Gas Contracts It Deems Unfavorable
Future investors in Tanzania will take note. Who guarantees them that this wont happen to their projects as well? Tanzania is not doing itself a favor. A deal is a deal. You live with it – come what may. As soon as your word is worth crap you can wave your investment billions good bye. Very short-sighted.
Tanzania said it might renegotiate natural gas contracts if its review finds terms agreed as far back as two decades unfavorable to the East African nation.