Natural gas reserves in Tanzania increase by 18 per cent

offshoregas-KenDoerr-flickrMajor discoveries offshore Tanzania has resulted in overall reserves increasing. (Image source: Ken Doerr/Flickr) Tanzania’s natural gas reserves have gone up 18 per cent to reach 1.5 trillion cu/m following new discoveries off the southern coast, stated George Simbachawene, the national energy and minerals minister

As of June 2014, the country’s natural gas resources were 1.3 trillion cu/m, said a Reuters report. Following major offshore gas discoveries, the country is being considered as a new hotspot for hydrocarbon exploration.

Following the discoveries, a 532 km-long pipeline will be commissioned that will connect offshore natural gas fields to Dar es Salaam in September. The government said the pipeline would enable the country to switch to gas-fired power plants and reduce oil imports, resulting in annual savings of more than US$1bn.

In October 2014, the recoverable natural gas resource was raised to nearly 1.5 trillion cu/m. Following new finds by oil majors such as Statoil, Exxon Mobil, BG Group and Ophir Energy, the Tanzanian government has lifted the natural gas resource estimates, added the report.

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