London listed upstream oil and gas exploration company Ophir Energy plc announced the successful results of the Taachui-1 & subsequent Taachui-1 ST1 well in Block 1, Tanzania which has resulted in a new gas discovery.
The much anticipated ad-hoc legal framework on natural gas in Tanzania is expected to be finalized by November 2014 and be presented for the Parliament’s consideration this year, according to the Energy and Minerals Minister Professor Sospeter Muhongo.
Swala Oil And Gas Tanzania Plc, subsidiary of Australian Swala Energy Limited, was authorised by Tanzanian Capital Markets and Securities Authority (CMSA) to list at Dar Es Salaam Stock Exchange (DSE) Enterprise Growth Market (EGM).
The third grant award Lighting Rural Tanzania Competition program (LRTC2014) had started accepting proposals designed to improve rural electrification through innovative, affordable, sustainable and environmentally-friendly energy services for off-grid rural communities in Mainland Tanzania.
Tanzanian President Jakaya Kikwete announced during his meeting with journalists in Dar es Salaam on April 20th 2014 that the bill regulating the Sovereign Wealth Fund (SWF) to manage proceeds from natural gas activities is projected to be revealed to the National Assembly in October 2014 or February 2015.
The Tanzanian Government partnered with the Rural Energy Agency (REA) to improve electricity services and power connectivity in various regions across the country, and is determined to achieve its goal of increasing per capita consumption and electrification levels from 81kWh and 18.4% of the population in 2011 to 200kWh and 30% of the people by 2015.
Government ministries’ permanent secretaries were fully satisfied with the progress made on the construction of Madimba gas processing plant and the underwater gas pipeline from Songosongo to Dar es Salaam upon their visit to Lindi and Mtwara.