Tanzania Releases Natural Gas Policy Document

November 21, 2013 9:57 am0 comments by:

Dar-es Salam-Tanzanian Government has finally released the national Natural Gas Policy document .
The document which has been released provides a comprehensive framework for addressing challenges in the natural gas industry.
It provides guidelines for the development of the natural gas industry to ensure optimal benefits to Tanzanians and the national economy in the short, medium and long term.
In an attempt to address the challenges facing the natural gas industry, it among other things stresses that Natural Gas is a National resource for the benefit of the present and future generation of Tanzania.
Notable in the policy is optimization of benefits to the Government and the people of Tanzania through strategic participation, interventions and equitable benefit sharing and development.
The policy also aims to ensure that a transparent and accountable system is in place towards natural gas revenue management and development of the natural gas industry;
Natural gas discoveries of totalling about 8 trillion cubic feet (TCF) have been made from the onshore gas fields at Songo Songo, Mnazi Bay, Mkuranga, Kiliwani North and Ntorya.
As of June, 2013 natural gas discoveries of about 42.7 TCF (7.5 billion barrels of oil equivalent – BoE) have been made from both on- and off-shore basins. The deep sea discoveries have brought about new exploration targets for hydrocarbons in Tanzania and the whole of Western Indian Ocean Region.

Continent Observer has obtain a copy of the draft which can be downloaded here

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