The Tanzanian Ministry for Energy has revealed that Tanzania will proceed through building a Chinese-funded 1.2 billion USD gas pipeline from Mtwara to Dar es Salaam, despite civil protests over the project.
Discoveries of natural gas off the coast of Tanzania could transform East Africa and the African continent's place in the global energy economy and as the country embraces it's resource finds, the government opens up seven deep offshore blocks for gas exploration.
Since its approval by the Government of Tanzania, oil and gas giant BG Group has made significant gas discoveries in Tanzania and on May 01, 2013 the group announced it had completed yet another successful drill stem test in Block 1 offshore Tanzania.
According to recent reports released by Tanzania Chamber of Mineral and Energy (TCME), Tanzania will accelerate several new mines increasing the mining industry production and GDP contribution to the economy.
The Discovery of Natural Gas in Tanzania expand to new levels as the estimated recoverable reserves will more than double by 2015 from the 40 trillion cubic feet already discovered by oil and gas corporations including Statoil.
The World Bank Board of Executive Directors approved two International Development Association (IDA) credits amounting to US$121.46 million to Tanzania for power sector reforms, forging public-private partnerships, and strengthening national capacity for the optimal use of the country’s natural gas reserves.