With about 55.5 cubic feet of natural gas found in Tanzania, foreign investors and companies are attracted to the region.
This indicates there unlimited opportunities in Tanzania oil and gas sector, However, seems the natural gas boom affect international players in the situation there have no important consequences for the local companies and individuals
With increase in demand of gas in the country which goes hand in hand with economic growth, Local companies and individuals can join the supply chain and benefit from the discovered natural gas
“Oil and gas sector offer many opportunities, however, there seems to be lack of awareness,” says Peter Hermes Directing Manager Tanzania Mines, Oil, Gas Company Limited
“everyone should be part of the gas boom and benefit from our underground wealth” he added Hermes
Tanzania local content is good as it requires citizens participation in the supply chain
Gas and oil companies require a range of services for the better fulfillment of their projects.
Oil and gas companies require transport from offices to the site, there is dire demand of the hotels, supermarket, telecommunication services and all of these are opportunities for local companies and general Tanzanians
These discoveries being made in the area with little infrastructure are the opportunities for local companies and individuals to be part of the natural gas boom.