interest to invest in the country’s natural gas industry, says the
Tanzania Investment Centre (TIC).
be inaugurated later this month and the facility will enable the country
to produce 2800MW of power by 2016.
frontier after a string of hydrocarbon discoveries, which producers hope
to exploit to supply energy-hungry Asian markets. Tanzania estimates it
has more than 55 trillion cubic feet (tcf) of natural gas.
confident that they are well positioned to add value in Tanzania gas
industry, given its significant experience, knowledge and capability.”
industry has the capacity to transform the economy and in Australia it
was able to create over 103,000 jobs during the last decade.
create an estimated 1,159 jobs. TIC registers gas projects subject to
approval of the Ministry of Minerals and Energy,” the statement said.
Australian investors to show interest follows invitation by President
Jakaya Kikwete during his recent visit to Australia.
Relations Manager, Mr Daudi Riganda, as saying TPDC and Australia
based-company, Squire Patton Boggs hosted dinner for Mr Kikwete.
engage leaders in Australian energy and resources sector on the
investment landscape in Tanzania,” the statement observed.
oil company with aspirations to continue to be involved in exploration
and development activity within Tanzania and expand its reach
Natural Resources at Squire Patton Boggs, said Tanzania had taken many
important steps to ensure the development of its oil and gas industry
and participation by significant international oil and gas companies.
of Squire Patton Boggs in Sydney, said: “As we see continued growth in
foreign direct investment in East Africa, we are working with a number
of key energy clients in Asia-Pacific to ensure they can benefit from
the strides being made in the energy sector.”
registered 35 projects from Australia, worth US $1,163 million. Once
operational these projects will create an estimated 1,159 jobs