Wednesday, April 10, 2013

East Africa becomes viable natural gas source as Tanzania looks to double output by 2015

(Bloomberg Businessweek) - Tanzania sees natural gas reserves more than doubling by early 2015 from the 40 trillion cubic feet discovered, as the east African country prepares to offer new exploration blocks as early as September this year.

“We have enormous amounts of gas,” Energy and Minerals Minister Sospeter Muhongo said in an interview yesterday. “We are now at 40 trillion cubic feet and I’m sure in the next two years we should be at more than a 100 trillion cubic

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