The race for Tanzanian LNG Opportunity has Well and Truly Begun.  

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Tanzania is creating new industry opportunities for local and international companies as they enable investment and fast-track field development.

Most of the global oil and gas operating companies have been actively involved or are looking into getting involved in Tanzania’s oil and gas industry, aiming to be part of one of the fastest-growing LNG industries in Africa.  

If you are looking to take part in growing Tanzania’s LNG market opportunities, here’s why the country is the next LNG player

1.The country is on its way to becoming one of the top ten LNG players in Africa.

With more than 57 .25 trillion cubic feet (TCF) of recoverable gas, Tanzania is becoming a new source of global energy supply. The country has the potential to become a great LNG player and compete pretty with top African LNG players like Nigeria and Algeria.

E2.xcellent relations with Neighbor

Tanzania has an excellent relationship with its neighbors. The country collaborates with Uganda to build the East African crude oil pipeline project.

Currently, the demand for experienced service providers is very high to support the ongoing production activities in the Songo Songo and Mnazi Bay licenses and the proposed Chikumbi-1 drilling project planned for November 2022 by ARA Petroleum Tanzania Limited (“APT”) .

I hope this help.

 

 

Hussein Boffu runs a consultancy helping elite entrepreneurs reach their goals through actionable business planning. Contact him via email at hussein.boffu@tanzanapetroleum.com or by calling, texting, or WhatsApp at +255(0)655376543.