Tanzania’s domestically produced natural gas has led the country in saving funds worth US$4bn between 2015 and 2017
Aristides Katto, a researcher from Tanzania Petroleum Development Corporation (TPDC), stressed that the use of domestically-produced natural gas has also increased Tanzania’s energy sources, thus accelerating the country’s economic activities.
Aristides Katto further added that the country saved almost US$6.7bn in 2015 after shifting from HFO and diesel to natural gas to produce electricity. This was in line with the government’s strategy to supply natural gas to industries as well as households to generate electricity to some parts of the country.
With Tanzania gearing up for industrialisation, the country needs to focus on producing more natural gas, which is one of the primary ingredients for the economic drive, he noted.
As reported by TPDC, the demand for natural gas has increased from 145mn scf a day in 2016 to 300mn scf in 2017.
Kapuulya Musomba, acting managing director at TPDC, said that the demand of the supply of natural gas is rapidly increasing and TPDC is working hard to address the requirements in accordance to the industrialisation plan of the country.
Tanzania has 57 tcf of proven but largely undeveloped natural gas reserves and expects to reap close to US$5bn per annum in gas exports revenue through the proposed liquefied natural gas (LNG) plant.