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.
The Tanzania government announced that licensing of uranium mining will be made only after a Mining Development Agreement (MDA) is signed later this year. Hench allowing mining companies already on site to be fully operational.
Tanzania Electric Supply Company Ltd (Tanesco) and US-based Energy Firm; Symbion Power signed on 13 February 2013 a memorandum of understanding(MoU). The MoU is for the implementation of a 400 MW gas-fired power plant in Mtwara Region, in the south of Tanzania.
Shanta Gold, the East African focused gold mining company listed at AIM, the London Stock Exchange’s international market for smaller growing companies, published its latest update on Tanzania operations.