Market News | Oil & Gas Tanzania 2023

Market News

  • Tanzania's Taifa Gas to Set Up Plant in Kenya

    Posted on :Friday , 15th July 2022

    Tanzania’s biggest gas dealer Taifa Gas has been licensed to set up gas plant and storage facilities at a site in Dongo Kundu near the port of Mombasa to supply LPG for domestic, commercial and industrial use.

     

    The company, owned by Tanzanian business magnate Rostam Aziz, is expected to bring healthy competition in the gas industry in Kenya given its lower p. . .

  • East African Crude Oil Pipeline (EACOP) Project on Track

    Posted on :Tuesday , 12th July 2022

    A request for a license to begin the construction of the East African Crude Oil Pipeline (EACOP) has been submitted to the government of Uganda by the company in charge of the project. According to Martin Tiffen, general manager of EACOP company they are ready to begin construction. The submitted application will be completed in 180 days, or before the end of the year, according to Honey Maling. . .

  • Kenya’s Plan to Call The Shots in LPG Logistics

    Posted on :Monday , 27th June 2022

    Kenya seeks to dominate in the supply of LPG by constructing the biggest import and storage gas facility in Mombasa and licensing more private companies to compete with Tanzania which has dominated the business for years in the region.

     

    The announcement to construct a 25,000 tonnes storage facility by the Kenya Pipeline Company (KPC) which will connect to the Sh42 billion new . . .

  • Tanzania is Bagging Billions in Natural Gas Investments

    Posted on :Wednesday , 25th May 2022

    Tanzania liquefied natural gas front has received a US$30 billion shot in the arm from large energy companies including Equinor and Exxon Mobil.

     

    • Tanzania has an estimated 57 trillion cubic feet of natural gas reserves

     

    • ExxonMobil, Equinor and Shell are among top 2 energy giants investing in Tanzania gas

     

  • Tanzania to Sign Sh70 Trillion LNG Project

    Posted on :Wednesday , 25th May 2022

    Mtwara. The government is expected to sign initial agreements with exploration companies for the construction of a giant liquefied natural gas (LNG) plant before the end of May, the negotiation team has revealed.

     

    The team of experts is currently in negotiations with 5 oil and gas firms – Shell, Equinor, ExxonMobil, Pavilion and Ophir on the $30 billion (Sh7. . .

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