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May 30, 2019 (MarketLine via COMTEX) -- Tanzania has plans for a consortium of oil companies to begin construction of the $30bn liquefied natural gas (LNG) project in 2022. The liquefied natural gas processing plant will be located in the Lindi region.
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Tanzania is the 107th largest export economy in the world and the 107th most complex economy according to the Economic Complexity Index (ECI). In 2017, Tanzania exported $5.3B and imported $8.17B, resulting in a negative trade balance of $2.88B. In 2017 the GDP of Tanzania was $52.1B and its GDP per capita was $2.95k.
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