Ugandan authorities will launch tenders for the construction of major projects related to the country’s oil developments in December, the country’s petroleum authority…
READ MORETanzania's Energy Industry
in figures
Gas reserves1.6 tcm
Gas production3.12 bcm
Tanzania: Potential Gas Giant
Tanzania’s oil and gas industry has grown significantly since major offshore natural gas was discovered at the Songo Songo and Mnazi Bay fields in 2004. The country now exports natural gas and has used revenues to diversify its energy offerings and create more economic stability. The government has also ratified its oil and gas policies to create a more conducive environment for international investors and growth of local industry and talent. Tanzania is currently working under its Natural Gas Utilization Masterplan 2016-2045 that looks to organise the industry and pinpoint and develop further gas-related projects.
In March 2016, Dubai-headquartered Dodsal Group made Tanzania’s first large onshore gas discovery with a 76.4 bcm (2.7 tcf) find in the country’s Ruvu Basin region. Potential reserves are estimated around 107.6 bcm (3.8 tcf). Ultimately, the discovery could represent between USD 8 billion-11 billion worth of natural gas.
NOC Tanzania Petroleum Development Corporation is the sole licence holder for upstream plays. The state-owned player has created subsidiaries TANOIL to deal with downstream operations and Gas Company Tanzania to deal with both midstream and downstream activities. The Tanzanian government has maintained a favourable attitude towards foreign investment and managed to attract large IOCs to explore the country’s hydrocarbons reserves, including Norway’s Equinor, US’ ExxonMobil, UK’s Shell and Ophir Energy, the latter of which was later acquired by Indonesia’s MedcoEnergi.
The country’s economy has suffered amid sluggish global economic growth and depressed commodity prices. However, the current government is pushing for the development of Tanzania’s yet untapped offshore gas reserves to generate new streams of revenues for the state and boost economic growth. Investment opportunities also exist in the country’s active diversification schemes, including export pipelines and LNG terminal projects.
Uganda is targeting net-zero emissions from its booming energy industry by 2062.
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READ MORETarik Al Junaidi, CEO of Oman Oil Marketing Company (OOMCO), talks to The Energy Year about the company’s activities and business model and its recent work at the…
READ MORELawrence Byensi, director-general of the Uganda Investment Authority (UIA), talks to The Energy Year about how UIA has made it easier to do business in Uganda and the…
READ MOREErnest Rubondo, executive director of the Petroleum Authority of Uganda (PAU), talks to The Energy Year about the competitive advantages of investing in Uganda’s oil…
READ MOREUganda expects to add 60,000 direct and indirect jobs as a result of the tripartite agreement to develop its Lake Albert oil resources, the country’s energy minister…
READ MORERepresentatives of the governments of Uganda and Tanzania on Sunday signed a tripartite agreement with France’s Total and China’s CNOOC to move ahead with Uganda’s Lake…
READ MOREGeoffrey Rugazoora, CEO of MOGAS Group, talks to The Energy Year about why the company is excited for Uganda’s coming upstream and pipeline developments and the…
READ MOREPeter Muliisa, chief legal and corporate affairs officer of Uganda National Oil Company (UNOC), talks to The Energy Year about opportunities in Uganda’s oil and gas…
READ MOREConrad Enill, chairman of the NGC Group of Companies, talks to The Energy Year about NGC’s role as an aggregator, opportunities arising for the company in Africa and…
READ MOREJames Berya Opiyo, an independent consultant, talks to The Energy Year about why Uganda is an attractive destination for oil and gas investment as the world emerges…
READ MOREDhruv Jog, managing director of Advent Construction, talks to The Energy Year about Tanzania’s success in dealing with the Covid-19 pandemic and opportunities in the…
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