Market News | Oil & Gas Tanzania 2018

Market News

  • Tanzania- Key Industries to be Connected to Natural Gas

    Posted on :Saturday , 19th May 2018

     The government of Tanzania has planned a project to connect key industries in the commercial capital Dar es Salaam with natural gas as a source of energy, reducing dependence on erratic electricity.

     
    Deputy Minister of Energy, Subira Mgalu, told the National Assembly that the project was being implemented by the government's petroleum watchdog--the Tanzania Pet. . .

  • Tanzania- Natural Gas to be used by Dangotes Mtwara Cement plant

    Posted on :Tuesday , 8th May 2018

     The Mtwara Cement plant will begin using natural gas in its production by the end of next month.

     
    The development creates hope that production at the country's largest cement producer will not be affected by electricity challenges, resulting in a number of benefits to consumers such as reduced prices.
     
    The move follows the completi. . .

  • Positive Emergence in Africas Gas Sector

    Posted on :Monday , 12th March 2018

     Gas discoveries worldwide have outsized oil finds by a ratio of two to one over the past two decades. Led by ‘colossal’ finds in East Africa, Africa’s gas reserves have risen by some two-thirds in recent years. The continent’s proven gas reserves of 503.3 trillion cubic feet (Tcf) at end-2016 (BP data) were mainly concentrated in Algeria, Egypt, and Nigeria –. . .

  • MAGUFULI WANTS 'FIRST OIL' BEFORE 2020

    Posted on :Tuesday , 5th December 2017

     John Magufuli wants investors, the governments of Uganda and Tanzania to accelerate the construction of the East African Crude Oil Pipeline (EACOP). Magufuli wants the pipeline to be constructed in the shortest time possible instead of waiting until 2020.

     
    After completion of key infrastructures like the pipeline and the refinery, Uganda expects to start oil pr. . .

  • GAS CONSUMPTION TO RISE BY 30PC IN 2017

    Posted on :Tuesday , 5th December 2017

    Utilization of dry gas in Tanzania is set to increase to 1.7 billion cubic meters from 1.3 billion cubic meters last year.

     
    London-based Business Monitor International (BMI) Research, which provides macroeconomic, industry and financial market analysis in 24 industries and 200 global markets, says Tanzania has per capita gas consumption of 15.9 cubic meters while the. . .

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