According to ECOBANK Middle Africa Market Update – Energy, Oil and Gas – issued on 24th February 2014, Tanzania could export gas by 2015.
The update indicates that Tanzania has traditionally consumed its gas locally, using it for power generation via the national grid and for industries such as the cement, textile and glass manufacturing.
However, its gas reserves have risen to an estimated 43 trillion cubic feet (tcf) following discoveries over the last five years.
Thus, the country is now considering exporting gas to other East African countries in addition to other gas monetisation options.
Although the domestic gas market and a planned Liquefied Natural Gas (LNG) plant are likely to remain the primary focus of the country’s gas monetization plans, the sheer volume of its gas reserves as well as the need to reduce the deficit in its current account are likely to have driven the government’s decision to export.
Follow the link to read ECOBANK Middle Africa Market Update – Energy, Oil and Gas:
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