Browsing: Oil and Gas in Tanzania

• Tanzania is significantly scaling up regional integration through cross-border trade.
• The East African country is also banking on a rebound in the tourism industry with receipts doubling to $2.7 billion in February 2023.
• Overall the number of investments powering Tanzania economy increased by 128 percent by February 2023.

Tanzania is poised to emerge as a premier investment destination not only in East Africa but across the entire continent, driven by its robust economic growth. The recent International Monetary Fund (IMF) report underscores this positive trajectory, indicating that the nation’s GDP is expected to grow from the current 5.2 per cent to an impressive 6.1 per cent next year.

Remarkably, Tanzania’s economy is resilient, overcoming the challenges posed by the global COVID-19 pandemic that hindered growth in various regions. The World Bank’s economic overview for Tanzania reflects a notable GDP growth rate of 4.6 per cent in 2022, with expectations of …

Both nations have the right to attain energy supremacy as it has been a long-time ambition. Despite that goal, environmental and climate-related concerns must be addressed if they are present. 

The EACOP is one starting point that can catapult the region towards economic mastery and energy sufficiency. Tanzania, which is also banking on natural gas exploration and production, could learn a lot from EACOP complications now. 

Despite the challenges, EACOP’s potential has managed to draw the attention of other financiers, and things are turning out well. The project has attracted US$300 million from alternative lenders as its proponents rush to save the project from pressure groups citing environmental concerns, according to a report by The Citizen. …

The EABC noted that foreign direct investments from the US. to Tanzania stood at US$1.5 billion in 2019, a 5.2 per cent increase from 2018. Tanzania is followed by Kenya – which received US$353 million in the same year – followed by Uganda US$42 million, Rwanda (US$11 million) and Burundi, which managed to attract US$1 million in the same year (2019).

Tanzania has managed to secure the US. as a development partner and as a viable investment in potential sectors such as mining and agriculture. President Samia has worked to give the investment landscape 180 shifts, particularly enhancing the domestic and international confidence in Tanzania’s business climate.

Over the past years, agricultural produce, minerals and textiles have covered most of the goods exported to the US. However, there are other avenues of potential investment in Tanzania, especially in oil and gas, real estate, manufacturing and telecommunications.…

The second issue the MoU covers is building capacity on health and safety standards, which is another key disqualifier marked on local companies when competing with global actors in the oil and gas market.

Further, the MoU brings onboard knowledge to help the local technocrats, upcoming companies, and experts submit and succeed at various tenders offered on the international markets. In most cases, local companies have lost tender bids to experienced foreign companies.

“We need the local players to understand deeply about these oil and gas related tenders and deliver within the internationally recognized standards”, He added.

The ATOGS chief didn’t hold back his grand ambition to transform Tanzania’s business operations for the greater good, highlighting Nigeria’s success story.…

• Tanzania’s Energy Minister Hon. January Makamba invites participants to TEC
• Patrons to review opportunities in Tanzania’s $30bn LNG investment
• Despite huge natural gas deposits, majority of Tanzania relies on firewood, charcoal

With an abundance of a diverse collection of natural energy resources, Tanzania is now poised to make the most of this enormous wealth that largely remains untapped. To this end, Tanzania is this August hosting its fourth edition of the Tanzania Energy Congress (TEC).

The highly anticipated executive summit will be hosted in the country’s commercial port city of Dar es Salaam 3 – 4 August 2022. Two day conference is held under the auspicious leadership of the Minister for Energy of the United Republic of Tanzania, Hon. January Makamba and will highlight the Ministry of Energy’s plans and priorities for both the energy and hydrocarbons sector in Tanzania.

The conference is thus, the opportune opportunity for investors to …

Earlies this month, the government of Tanzania demonstrated how serious the nation is with a big deal sealed in the nation’s capital, Dodoma, on Saturday (11 June).

The Government of Tanzania and its partners, including global industry giants Equinor, Shell and ExxonMobil, have set the bar so high with a historic Host Government Agreement (HGA), which will realize ambitious gas and Liquified Natural Gas (LNG) mega project.

The $30 billion natural gas project aims to produce 10 million tons per annum of LNG for export with transformational potential for industrialization by bringing investment, technology, skills and infrastructure to the country, which will benefit Tanzanian businesses and its citizens.…

• Tanzania’s Government is scheduled to open the 2022 Tanzania Energy Congress (TEC) this August in the country’s commercial port city of Dar es Salaam
• TEC will highlight the plans and priorities of the Ministry of Energy with regard to the next strategic steps in both the energy and hydrocarbons sectors in Tanzania
• This annual event premiered four years ago under the steward strategic partnership of Ocean Business Partners Tanzania

Tanzania’s Government is scheduled to open the 2022 Tanzania Energy Congress (TEC) this August in the country’s commercial port city of Dar es Salaam.

Hosted under the flagship of the Energy Ministry, under the patronage of His Excellency January Makamba, Minister for Energy, TEC will highlight the plans and priorities of the Ministry of Energy with regard to the next strategic steps in both the energy and hydrocarbons sectors in Tanzania.

The two-day conference (3 – 4 August 2022) will feature …

Over the past decade, Tanzania’s oil and gas industry has demonstrated astonishing milestones in energy generation and consumption, demonstrating that an industrialized Tanzania might be a feasible ambition for East Africa’s fastest-growing economy.

Since Tanzania discovered natural gas in 1974, remarkable developments have been achieved. These include saving over $ 10 billion USD, used in purchasing heavy fuel oil (HFO) and other fossil fuels (diesel and petrol in particular) for industrial production and power generation.

According to the Ministry of Energy, until May 2019, the Tanzania Petroleum Development Corporation (TPDC) had collected over $ 210 million USD (from gas sales and exploration), exceeding the intended target of over $ 171 million for the fiscal year 2018/ 2019.

Currently the energy arena in Tanzania seems to be working positively. The upcoming Oil and Gas Congress (commencing on 2^nd and 3^rd of October), anticipates profitable sectorial merits, necessary to expanding …

Tanzania plans to streamline its oil and gas industry to the world, via a robust and tailor-made, two-day congress, commencing on 2^nd and 3^rd of October 2019.

For a third time, Tanzania will host the Oil and Gas Congress and attract delegates from over 67 nations across the globe, including sector’s crucial players: Oman, UAE, Canada, Brazil, UK, Norway, and India.

Organized by Ocean Business Partners and CWC, via a partnership with other essential government parastatals and private sector in Tanzania, the 3rd Oil and Gas Congress stands to be an event not to be missed.

Tanzania—has been ascending in the extractives sector’s ladder quite steadily over the past decade, levitating commercial aspects in natural gas production and enhancing national content take-up across the country by building capacity with local suppliers, technocrats and consumers.

In that context, the anticipated and eye-catching congress is yet another concrete and calculated …

General Electric (GE) has upgraded the gas turbines at the Songas Ubungo Power Plant in Dar es Salaam, Tanzania.

The upgrade of three GE LM6000PA and one LM6000PC aero-derivative gas turbines is expected to improve the efficiency of the Songas Ubungo Power Plant, which delivers more than 20 per cent of the grid-connected power in Tanzania.

Songas managing director Nigel Whittaker said: “We are very pleased with GE’s execution because it was completed safely and ahead of schedule, with great commitment and consistency across the four LM6000 units.

“The successful completion of this project not only improves Songas’ performance levels, but through the additional reliable supply of electricity, continues to contribute to the economic development of the country, making a significant difference in the lives of Tanzanians.”

As part of the upgrade, GE has installed its SPRayINTercooling (SPRINT) technology on two of the four units. The technology has been designed …