REG - Aminex PLC - Ntorya to Madimba Pipeline Contract Awarded

AminexAnnouncement

03/07/2025 15:15

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RNS Number : 6701P  Aminex PLC  03 July 2025

3 July 2025

 

Aminex plc

 ("Aminex" or "the Company")

 

Ntorya to Madimba Pipeline Contract Awarded

 

Aminex, the oil and gas exploration and development company focused on
Tanzania, is pleased to announce that the Tanzania Petroleum Development
Corporation (TPDC) has awarded the engineering, procurement and construction
(EPC) contract for the construction of the gas pipeline from the Ntorya gas
field to the Madimba gas processing plant to China Petroleum Pipeline and
China Petroleum Technology & Development Corporation. Further details of
the EPC contract, signed today, will be announced as soon as received from the
TPDC.

Charles Santos, Executive Chairman of Aminex commented:

"We are delighted to receive confirmation of the award of the EPC contract for
construction of the Ntorya to Madimba Pipeline. This is a major milestone,
reflecting the commitment of the Tanzanian government to progress the project,
and follows the signing of a Gas Sales Agreement, the award of the Development
Licence that locks the project in for 25 years, and the update of a Field
Development Plan with upgraded production figures - all in the past 18 months.

The signing of the contract today demonstrates the Tanzanian government's
conviction of Ntorya's enormous value to Tanzania as a world class gas
resource that will help alleviate energy poverty, boost industrial
development and improve the lives of ordinary people. A conviction that we
share at Aminex.

We thank the TPDC and all Tanzanian agencies for working together to reach
this major milestone and look forward to providing a more detailed update to
the market as soon as we can."

 

The information contained within this announcement is considered to be inside
information prior to its release, as defined in Article 7 of the Market Abuse
Regulation No. 596/2014, and is disclosed in accordance with the Company's
obligations under Article 17 of those Regulations.

 For further information:

 Aminex PLC                            +44 203 355 9909
 Charles Santos, Executive Chairman

 Knights Media & Public Relations      +44 203 653 0200
 Jason Knights, Sabina Zawadzki

 Davy                                  +353 1 679 6363
 Brian Garrahy

 Shard Capital                         +44 20 7186 9952
 Damon Heath

 

Notes to Editors:

The Ntorya Development Licence area lies adjacent to a region containing
supergiant world-class LNG projects, extending from offshore Tanzania into
Mozambique waters to the south. The JV partners intend to produce Ntorya gas
into the growing domestic gas market, helping to alleviate energy poverty and
boost the energy transition in Tanzania. A multi-year gas sales agreement was
signed in 2024 with the Tanzania Petroleum Development Corporation.

Aminex, with a 25% non-operated interest, is carried throughout the ongoing
work programme to a maximum gross capital expenditure of $140 million ($35
million net to Aminex). The carry is expected to see the Company through to
the commencement of commercial gas production from the Ntorya field at zero
cost to the Company.

 

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