• 9 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes The EU Loses The Principles On Which It Was Built
  • 19 minutes Batteries Could Be a Small Dotcom-Style Bubble
  • 3 mins Saudi Fund Wants to Take Tesla Private?
  • 1 min Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 4 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 1 hour Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 7 hours Saudi PIF In Talks To Invest In Tesla Rival Lucid
  • 6 hours CO2 Emissions Hit 67-Year Low In USA, As Rest-Of-World Rises
  • 16 hours How To Explain 'Truth Isn't Truth' Comment of Rudy Giuliani?
  • 14 hours Starvation, horror in Venezuela
  • 12 hours Corporations Are Buying More Renewables Than Ever
  • 18 hours Is NAFTA dead? Or near breakthrough?
  • 18 hours China still to keep Iran oil flowing amid U.S. sanctions
  • 17 hours Are Trump's steel tariffs working? Seems they are!
  • 8 hours Film on Venezuela's staggering collapse
Alt Text

Deciphering The New Caspian Agreement

The Caspian deal is a…

Alt Text

Nigeria’s State Owned Oil Company To Go Public

Nigeria's state owned oil company…

Alt Text

Oil Prices Fall Despite Supply Fears

Oil prices started the day…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Tanzania Seeks to Develop Natural Gas and LNG

The U.S. hosted an unprecedented summit of 50 heads of African states in Washington, D.C. in early August. The event was meant to highlight the enormous investment opportunity that the African continent has to offer, and the three-day summit resulted in $37 billion worth of business commitments.

The continent has long been a source of natural resources, with oil and gas proving to be the most lucrative. Countries like Nigeria, Libya, Algeria, and Angola have produced enormous volumes of oil for years.

But there are other opportunities in Africa that have not hit investors’ radar.

Take Tanzania, a mid-sized East African nation whose economy is built on agriculture, tourism, and gold mining. Tanzania produces almost no oil at all, and until recently, it has produced negligible volumes of natural gas.

But the Tanzanian government hopes to change that. Its top energy official, Sospeter Muhongo, visited Houston ahead of the African summit in D.C. Muhongo met with over 50 companies in Houston during his visit, seeking to court investment for the country’s fledgling natural gas sector. “We need both human capital and the institutional knowledge to go into the gas economy. This is very new to us,” Muhongo said in a recent interview.

The country has built a bit of momentum over the last four years. In 2010, the BG Group (LON: BG) discovered offshore natural gas fields near the island of Zanzibar. The company worked in concert…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News