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Equinor has decided to write down book value of its Tanzania LNG project (TLNG) on company’s balance sheet by 982million USD. Equinor is operator with 65% participating interest, along with ExxonMobil’s working interest of 35%. TPDC has the right to participate with 10% interest. Equinor made nine gas discoveries in Block2 offshore Tanzania with estimated volumes of 20Tcf of GIP.
