Browsing: Tanzania Oil and Gas

Governing Tanzania’s gas. Why it matters

Industry and Trade 16.10.2022

According to the International Union for Conservation of Nature (ICUN), natural gas economy governance commands the norms, institutions and processes that determine how power and responsibilities over natural resources are exercised, how decisions impact the constituents of the region and how citizens (in this case people in Mtwara and the rest of Tanzania), women, men, indigenous peoples, and local communities, participate and benefit from the management of natural resources.

Tanzania has only explored a small fraction of the natural gas reserves (0.5 TCF out of 57.74TCF), and in order to explore further socio-economic and political affairs ought to be aligned perfectly to ensure that the production of natural gas comes with blessings and not a curse, as manifested in some African nations.

A Tanzanian policy research think tank—Economic and Social Research Foundation (ESRF)—converged with local government authority officials, to discuss how governance gaps in planning and management of the natural gas economy in Mtwara can be addressed.

Tanzania and Oman ink bold investment agreement

Countries 15.06.2022

The two sides expressed their satisfaction with the role played by the Oman Investment Authority (OIA) through existing projects in Tanzania and the part of the Ministry of Heritage and Tourism through the restoration of historical and archaeological sites in Zanzibar and the advanced stages that these works have reached.

Sayyid Badr forecasts trade exchange between the two countries will increase, especially after Oman and Tanzania signed several memoranda of understanding today, in addition to existing agreements between Oman Investment Authority (OIA) and the concerned Tanzanian authority.

He added that the two countries would later sign MoUs in various economic, investment, energy and tourism fields with a work programme set for those agreements (Oman News Agency).

Tanzania project to transform East Africa’s LNG sector

Industry and Trade 13.06.2022

The minister for Energy, January Makamba, noted before the President of Tanzania Samia Suluhu Hassan that Tanzania could be holding nearly 60 trillion cubic feet (TCF) of gas deposits.

This amount stands to transform the energy sector and put a dent in the economy as the nation becomes a competitive actor within the regional and global markets.

However, the minister revealed that the government of Tanzania is taking natural gas exploration to the next level.