Africa Energy Frontiers: Tanzania
The Africa Energy Frontiers series profiles Africa’s up-and-coming oil and gas nations. Since 2015, we have published overviews of petroleum legislation, recent activities, major projects and tax considerations in nearly 20 African jurisdictions, from South Sudan to South Africa. Now, we look at Tanzania.
A major gas discovery in 2012 thrust Tanzania into the international spotlight, and subsequent gas discoveries have kept it there. With gas reserves estimated at 57 trillion cubic feet as of 2016, Tanzania has grand ambitions to develop the upstream, midstream and downstream sectors, including plans for a LNG facility, domestic gas processing, gas pipelines and gas-to-power plants. However, Tanzania is also in competition with neighboring Mozambique to attract the necessary investment.