Browsing: Equinor Tanzania

• East African gas has around one-third of the global average carbon content and is extremely low in liquids.
• Unni Fijaer, Vice President and Tanzania country manager for Equinor adds that the gas is ideal for meeting the world’s energy needs while minimising emissions.
• Lower carbon levels make East African Coast gas reserves more attractive to investors.

The vast gas reserves off the East Coast of Africa have significantly lower carbon content than the global average. This unique characteristic renders them more attractive to international investors and export markets amid the ongoing energy transition.

A recent panel discussion at the AOW Investing in African Energy event in Cape Town, South Africa, revealed this valuable insight. This underscores the pivotal role of African gas in the evolving global energy landscape.

East African gas reserves cleanest

“The beauty of gas derived from the East Coast of Africa is that it is extremely low …

• Oil and gas discoveries in Tanzania have caught the eye of energy giants Equinor, ExxonMobil, and Shell.
• Tanzania is strategically positioning itself for the commercialization of its energy resources.
• The upcoming Tanzania Energy Congress on September 20-21 will showcase the country’s potential in the sector.

Tanzania’s vast natural gas reserves have attracted the attention of energy giants Equinor, ExxonMobil, and Shell, marking a significant leap forward in the nation’s economic prospects. With a recent discovery of oil reserves in Wember-Eyasi, Tanzania’s energy landscape is poised for a transformative shift. Analysts note that oil and gas will bolster the country’s position as an emerging player in the global energy sector.

Strategic positioning in global gas market

Mirroring the ambitions of Africa’s top oil-producing nations, such as Nigeria, Algeria, Libya, Angola, and Egypt, Tanzania is strategically positioning itself for the commercialization of its energy resources to fuel both its own industrialization and …

• Energy multinationals Shell, Equinor, and ExxonMobil have finalised vital talks on Tanzania’s $40 billion Liquified Natural Gas investment.

• The move paves the way for final agreement on how to execute the long-delayed energy project that will significantly boost Tanzania’s revenues and create jobs.

• President Samia Suluhu Hassan’s government expects the construction of the project to start in June 2025.

Tanzania is preparing the final deal to guide harnessing her $40 billion offshore gas reserves following the conclusion of talks with energy giants Shell, Equinor, and ExxonMobil. A final agreement on the $40 billion gas investment is in the works with signing expected in the coming weeks.

“The work is done… companies (IOCs) have gone to sit with their boards, and we are now awaiting the next steps. The government expects construction to start in June 2025” Managing Director of the Petroleum Upstream Regulatory Authority (PURA), Charles Sangweni, said the project’s …

Tanzania has been ambitious from day one to strike oil. However, it took a while to find oil deposits, and it will take time to commercialize the oil discovered—a tedious but necessary process.

Oil and gas exploration in Tanzania has been taking place since 1952. The Discovery of oil reserves in Tanzania’s Wembere-Eyasi proves the long wait was worth a while.

In the same suit as its neighbouring nation, Tanzania is to undergo a rigorous process to commercialize the oil discovered entirely.

For instance, in Kenya, which discovered oil and experienced the first stages of (testing) exporting at least 200,000 barrels—the nation is working to build the functioning and healthy infrastructure necessary to tap the existing potential.…

Tanzania’s race for natural gas development is strategic and on point. The nation has been paying attention to several methods of maximizing the LNG potential.

LNG in Tanzania is faced with other competitions in the region. Egypt is the next potential powerhouse next door and a much more experienced producer.

In 2012, Tanzania and three Chinese companies agreed to construct a 542 km pipeline leading from Mtwara to the nation’s commercial capital, Dar es Salaam.…

The oil and gas industry in Africa is yet another profitable sector that can transform the energy and revenue generation of gas-endowed nations and contribute greatly to their economic development. 

According to the global network firm PriceWaterhouseCoopers (PwC), by the end of 2017, Africa had nearly 487.8 trillion cubic feet (Tcf) of proven gas reserves, comprising 7.1 per cent of global proven reserves. …