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#61 | |
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Olduvai Gorge
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![]() Ni kweli, huko kwa jirani vijana na watoto wa makabwela hawana nafasi ktk siasa hata kidogo...
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"...your behind-the-keyboard insinuations will get good people banned for trivial reasons, please don't start with me..." |
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#62 | |
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سلم
Join Date: Dec 2010
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Mimi na wewe |
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#63 |
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BANNED
Join Date: Mar 2012
Location: UK
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^ nawaona wote Chadema.![]()
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#64 |
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Statoil makes big Tanzania find; needs more Thu Jun 14, 2012 9:55am GMT By Helena Soderpalm and Balazs Koranyi OSLO (Reuters) - Norwegian oil firm Statoil discovered another big gas deposit off Tanzania, putting it within reach of having the gas needed for a project analysts say could cost over $10 billion to develop. Statoil and ExxonMobil found 3 trillion cubic feet (Tcf) gas in the Lavani well 2,400 meters under the sea, and added 1 Tcf of gas to the nearby Zafarani discovery, giving them around 9 Tcf of gas, Statoil, the block's operator said on Thursday. "We would need another Lavani to feel comfortable we have the gas for commercial development," Tim Dodson, Statoil's exploration chief told Reuters. "But I expected more gas." "The Tanzanian government's expectation that development would start in seven years is not completely unreasonable," Dodson added. The discovery confirms East Africa's status as one of the world's fastest growing gas hubs with the U.S. Geological Survey estimating that 253 trillion cubic feet may lie off Kenya, Tanzania and Mozambique, relatively close to Asia's lucrative LNG markets. Anadarko Petroleum earlier estimated its reserves off northern Mozambique at 50 trillion cubic feet while Eni said its neighbouring exploration block may have 52 trillion cubic feet of gas. "This is a highly significant discovery for Statoil," Trond Omdal, an analyst at Arctic Securities said. "It would cost at least $10 billion to develop the field, and gas would not come to the market sooner than after 2020." Dodson said Statoil would almost certainly opt for some sort of liquefied natural (LNG) gas solution but declined to provide a development cost estimate. "Developing this will be quite a challenge given that in East Africa, like in Tanzania and Mozambique, there's limited infrastructure in place," Dodson said. "So it's going to take a little bit longer than if we had the infrastructure in place." He added that Statoil was now in the process of securing rigs and making plans for further exploration activity. "We estimate a value of the discovery plus the upgrade on the Zafarani discovery of NOK 1.3 per share," Swedbank First Securities said in a note. "We assume a fair share price reaction would be NOK 0.8-1.0 per share," it added. The discovery confirms Statoil's recent track record for solid upstream success after it has made big finds in the mature areas of the North Sea, the Arctic Barents sea, in Brazil and Tanzania. Statoil operates the licence on 5,500-square-kilometre Block 2 on behalf of Tanzania Petroleum Development Corporation and holds a 65 percent stake while ExxonMobil Exploration has 35 percent. Statoil shares were little changed 135.8 crown a shares at 0842 GMT. © Thomson Reuters 2012. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. http://af.reuters.com/articlePrint?a...85D03M20120614 |
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#65 |
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Print Back to story Statoil Makes Second ‘High-Impact’ Discovery off Tanzania By Mikael Holter - Jun 14, 2012 Statoil ASA (STL), Norway’s largest oil and gas producer, said it made a second “high-impact” gas find off Tanzania. The Lavani discovery contains an estimated 3 trillion cubic feet of gas, or 530 million barrels of oil equivalent, Statoil said in a statement today. The company also said a side-track well to its recent Zafarani discovery had added 1 trillion cubic feet to reserves estimated at 5 trillion cubic feet in February. “The results so far mark an important step towards a possible natural gas development in Tanzania,” Statoil’s executive vice president for exploration Tim Dodson said in the statement. Lavani, 16 kilometers (10 miles) south of Zafarani, “confirms the high potential in Block 2,” he said. Statoil, which is 67 percent owned by the Norwegian government, is expanding abroad in a bid to boost reserves as output dwindles at aging offshore fields at home. The Lavani discovery is Statoil’s seventh high-impact find, defined as containing more than an estimated 250 million barrels of oil equivalent, in the last 14 months. Statoil operates Block 2 off Tanzania with a 65 percent interest, while Exxon Mobil Corp. (XOM) holds the remaining 35 percent. Tanzania Petroleum Development Corp. (PETD) has a right to a 10 percent working interest if the project moves to development. To contact the reporter on this story: Mikael Holter in Oslo at mholter2@bloomberg.net; To contact the editor responsible for this story: Jonas Bergman at jbergman@bloomberg.net http://www.bloomberg.com/news/print/...-tanzania.html |
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#66 |
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BANNED
Join Date: Mar 2012
Location: UK
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asante for the news mkuu, nipo bongo sahv ndo ntaanza kutafuta habari latests.
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#67 | |
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Registered User
Join Date: Jan 2010
Location: Shanghai
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, pia Kama vipi pita Hali za barabara jijini, tuoshe macho.
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TANZANIA The land of kilimanjaro Zanzibar and The Serengeti™ |
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#68 | |
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Olduvai Gorge
Join Date: Feb 2011
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"...your behind-the-keyboard insinuations will get good people banned for trivial reasons, please don't start with me..." |
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#69 |
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BANNED
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Tanzania gas reserves nearly triple on new finds Tue Jun 19, 2012 1:40pm GMT * Recoverable reserves rise to 28.74 trillion cubic feet * Govt seeks to regulate fast-growing gas industry * New gas legislation to be unveiled in Oct By Fumbuka Ng'wanakilala DAR ES SALAAM, June 19 (Reuters) - Tanzania has nearly tripled its estimate of recoverable natural gas reserves to up to 28.74 trillion cubic feet (tcf) from 10 trillion and plans to introduce new legislation later this year to regulate the gas industry. The government raised its estimate after huge recent discoveries in the east African country's deep-water offshore region. Energy and Minerals Minister Sospeter Muhongo said in a statement sent to Reuters on Tuesday the recoverable gas reserves are estimated at 20.97 tcf offshore and 4.27-7.77 tcf onshore. "Deep-water offshore oil and gas exploration is a very expensive undertaking... It is important to ensure this gas and oil exploration momentum continues, and the government will give a bigger push for companies to proceed," Muhongo said. The minister said the latest gas reserve estimates take into account last week's discovery by Norwegian oil firm Statoil and ExxonMobil of a big gas deposit off Tanzania at the Lavani well with an estimated 3 tcf of gas. The discovery confirms East Africa's status as one of the world's fastest-growing gas hubs. The U.S. Geological Survey estimating that 253 tcf may lie off Tanzania, Kenya and Mozambique, relatively close to Asia's lucrative liquefied natural gas (LNG) markets. Muhongo said the government had so far granted 28 licences to some 19 companies to explore for gas and oil. "Some of the world's biggest oil and gas exploration companies are in the country for the exploration work," he said. "Exploration at the offshore, deep-water region is the one that is moving at a fast speed (compared to onshore). There are currently five oil and gas exploration rigs operating in the country." Other companies licensed to search in Tanzania include the UK's BG Group, Ophir Energy, Royal Dutch Shell , Irish exploration firm Aminex Plc and Brazil's Petrobras. A new well drilled in May at Songo Songo Island, 225 km south of the Tanzanian commercial capital, Dar es Salaam, has the capacity to produce 60 million cubic metres per day, Muhongo said. The minister said the government was preparing rules for overseeing an energy sector which he expects to drive east Africa's second-biggest economy. "The Ministry of Energy and Minerals is in the final stages of drafting a policy, legislation and master plan on the use of natural gas in the country," he said. "Our expectation is that once the gas policy is submitted, the legislation and master plan should be in place by October 2012." The World Bank said in May it expected to see an increase in revenue of up to $3 billion a year in Tanzania following major offshore gas discoveries. Tanzania signed a $1.2 billion loan agreement with China in September for the construction of a 532-kilometre pipeline from the south of the country to Dar es Salaam. (Editing by George Obulutsa and Jason Neely) © Thomson Reuters 2012. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. http://af.reuters.com/articlePrint?a...8HJBEL20120619 |
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#70 |
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Registered User
Join Date: Dec 2011
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wow great news thats more than Qatars gas reserves.
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#71 |
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BANNED
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Aminex & Solo Oil: Ntorya test results reveal ‘strong commercial potential’
Fri 3:49 am by Jamie Ashcroft Aminex (LON:AEX) this morning revealed that the Ntorya well in Tanzania flowed gas at a rate that could be commercially viable. Ntorya is part of the Ruvuma venture between Aminex and Solo Oil (LON:SOLO) – owning 75 and 25 per cent respectively. The Ntorya well flowed at a peak rate of 20.1 million cubic feet per day which is equivalent to 3,350 barrels a day, Aminex said. Additionally the well also produced condensate (at 48 degree API) at a rate of 139 barrels a day. Aminex says the successful test will be followed by a seismic programme later this year. The aim will be to get a ‘fuller understanding’ of the extent of the Ntorya discover as well as identifying additional drill targets. "Today's test results clearly demonstrate the strong commercial potential of the Ntorya discovery,” Aminex chief executive Stuard Detmer said. “The commercial potential is further enhanced by the presence of condensate with the gas and by the Tanzanian Government's announcement last week that it has secured financing to build a 36" diameter gas pipeline from Mtwara, just 25 km away from the Ntorya-1 discovery, to Dar es Salaam. “The presence of liquids with the gas is promising for future exploration in the Ruvuma block. Aminex's upcoming seismic and drilling programmes will be aimed at appraising this discovery and pursuing a number of other very encouraging leads on the Ruvuma block." Meanwhile, Solo chief Neil Ritson said: “"We are delighted with these test result which confirms our expectation that commercial rates would be obtained. “The presence of liquids (condensate) greatly enhances the economics of the discovery and provides further encouragement that oil may be discovered in the onshore basin.” It is understood that the positive result at Ntorya may lead to discussions to bring in a new partner into the Ruvuma venture. http://www.proactiveinvestors.com/co...ial-31234.html |
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#72 |
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Olduvai Gorge
Join Date: Feb 2011
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This is AMAZING
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"...your behind-the-keyboard insinuations will get good people banned for trivial reasons, please don't start with me..." |
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#73 |
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BANNED
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Location: UK
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Tanzania: Another Huge Gas Discovery in Ruvuma
By Orton Kiishweko, 19 July 2012 Comment NDOVU Resources, a subsidiary company of Aminex Plc of UK has already hit 1.17 trillion cubic feet of gas at Ntorya. The Principal Petroleum Geologist of Tanzania Petroleum Development Corporation (TPDC), Mr Sebastian Shana said that the discovery was a result of testing though a Gas initially in place (GIIP) that indicated better prospects. Mr Shana said the GIIP showed that Ruvuma was now estimated to contain 5.7 trillion cubic feet (tcf) of gas-in-place. Ntorya alone is estimated at 1.17 tcf and 178 billion cubic feet of that is already deemed to be 'discovered.' The report identified a potentially large lead 'up-dip' of Ntorya, which is estimated to be in the order of 2.62tcf. The Ntorya discovery also indicates that the 'gas fairway' related to the large Ruvuma discoveries offshore Tanzania. Currently Aminex is the larger partner in the venture with a 75 per cent, while Solo owns the other 25 per cent. The Nyuni PSA meanwhile is estimated to contain 5.67 tcf of undiscovered gas in place. This acreage comprises mainly offshore prospects from the shallows through the 'transition zone' and into deep waters. According to Mr Shana, gas instruments including gas policy and gas master plan are currently being prepared ahead of a vibrant gas regime. This comes as British Gas Group has also recently achieved a 100 per cent success rate in Tanzania's virgin exploration basin so far in five consecutive gas discoveries. He said the group has managed to drill five consecutive successful gas discoveries offshore. "Naturally, achieving a 100 per cent success rate in this virgin Tanzania exploration basin is extremely encouraging," the Chief Executive Officer of BG Group Sir Frank Chapman briefed President Jakaya Kikwete last week. The group entered the country in 2010 acquiring interests in offshore blocks one, three and four. Blocks three and four cover approximately 20,850 square kilometres of the Mafia Deep Offshore Basin and northern portion of the Ruvuma basin and comprise areas where no previous exploration activity had been conducted. Soon after its entry into Tanzania, BG along with its partner Ophir Energy mobilised a deep water drilling rig to commence a three-well exploration drilling campaign. In October 2011,the Pweza -1 gas discovery was made in April 2011, a third gas discovery was made at the Chjaza -1 well. The second drilling campaign which commenced in January, this year, has been another success, with the first well at Jodari-1 having completed in March and is also a gas discovery. The second exploration well Mzia has also been a further gas discovery. |
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#74 |
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UPDATE 2-Gas-rich Tanzania plans to raise royalties Fri Jul 27, 2012 6:03pm GMT * Gas-rich Tanzania plans royalty hike, signature bonus * E.African country becoming energy hub * To introduce new legislation by next year By Fumbuka Ng'wanakilala DODOMA, Tanzania, July 27 (Reuters) - Tanzania plans to raise royalties on gas and demand signature bonuses for energy contracts as the east African nation tries to secure bigger benefits from major offshore discoveries. Tanzania recently tripled its estimated gas reserves and is fast becoming a regional energy hub after finds by Norwegian oil company Statoil, U.S. group ExxonMobil and Britain's BG Group and its partner Ophir Energy. Energy and Minerals Minister Sospeter Muhongo said royalties on gas production would rise from 12.5 percent to an unspecified level and the new signing fee would be introduced under a new gas policy, masterplan and law now being drafted. In a presentation to parliament, he said it would take effect in 2012/13. Tanzania is one of the world's poorest countries. Like its east African neighbours, it is now positioning itself for a gas bonanza. Last month, it raised its estimate of recoverable natural gas reserves to 28.74 trillion cubic feet (tcf) from 10 trillion. Muhongo said Tanzania would launch a new licensing round in Houston, Texas, in September for additional oil and gas exploration blocks in its deep-sea area. "The government will review existing contracts and conduct a detailed evaluation before entering into new production sharing agreements for oil and gas to ensure national interests are upheld," he said. He said at least 18 global energy companies had spent nearly $920 million on oil and gas exploration. As part of its plan to get more from its gas, Muhongo said Tanzania would own a new gas pipeline and processing plants. Construction started last week on a 532-km (330 mile) pipeline financed with a $1.2 billion Chinese loan. The minister said Tanzania hopes to build two gas-powered plants to produce 390 megawatts of power at a combined cost of $598 million - reducing its reliance on hydro electric power which has proved vulnerable to drought. Loan agreements would be reached in September with the Japan Bank of International Cooperation and South Africa's Absa Bank for construction of one of the plants, meant to produce 240MW, he said. Forty percent of Tanzania's 1,375 MW capacity came from natural gas by the end of June compared to 1,014 MW a year earlier. Peak demand rose to 820 MW from 730 MW. © Thomson Reuters 2012. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. http://af.reuters.com/articlePrint?a...8IRLKE20120727 |
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DrEameR
Join Date: Jun 2010
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#76 |
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Registered User
Join Date: Oct 2007
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naomba kuuliza
1. Hivi TPDC washagawa blocks zote za oil and gas Tanzania au bado? 2. Kama bado blocks zipi bado haziawa auctioned off 3. Process ya ku auction these blocks inakuwavipi? 4. Na huwa ina cost how much kufanya hiyo process? |
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#77 |
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BANNED
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Tanzania plans sovereign wealth fund for gas finds Thu Aug 2, 2012 6:33am GMT * Has gas reserves of 28.9 trillion cubic feet * World Bank projects earnings of $3 bln per year By Fumbuka Ng'wanakilala DAR ES SALAAM, Aug 2 (Reuters) - Tanzania is to set up a sovereign wealth fund to ring fence future earnings from its major gas discoveries in the southern parts of the country along the Indian Ocean coastline, its president said. The east African nation of 42 million people tripled its estimated gas reserves in June after offshore finds by Norway's Statoil, U.S. group ExxonMobil and Britain's BG Group and its partner Ophir Energy. President Jakaya Kikwete told the nation that his government was studying various models for managing revenues from gas production, adding they were focusing on those that have sovereign wealth funds. "We want to learn from them by setting up our own fund to ensure we similarly benefit," he said in a televised address late on Wednesday. When the country eventually sets up the fund it will join other African countries like Nigeria and Ghana, who are also moving towards the establishment of state-owned investment funds for revenues generated from the energy sector. Kikwete said the government's intention was to ensure natural gas revenues were used to speed up development. "Since 1954 some 61 wells have been drilled. Out of those, natural gas was found in 22 wells ... We haven't been lucky yet to find oil but we have discovered gas in both onshore and offshore areas," he said. Tanzania's recoverable gas reserves stood at 28.9 trillion cubic feet, Kikwete added. "Offshore oil and gas exploration started in 2004 with just one company but we now have 18 companies. Gas exploration has escalated since the first gas discovery in 2010 ... I believe that a lot more gas will be discovered," he said. Tanzania, which is east Africa's second-biggest economy could see an increase in revenue of up to $3 billion a year from gas exports, according to the World Bank. Kikwete said cheap access to gas would encourage construction of fertiliser plants and boost power generation. "Some 350 megawatts of electricity in the national power grid currently comes from natural gas and our target of generating 3,500MW by 2015 largely depends on natural gas," he said. Kikwete said the government was working on a new national gas policy, gas utilisation master plan and legislation to regulate the fast-growing industry. (Editing by Duncan Miriri and Greg Mahlich) © Thomson Reuters 2012. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. http://af.reuters.com/articlePrint?a...8J21PZ20120802 |
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#78 | |
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BANNED
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#79 |
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Registered User
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SHUKRAN MKULU
NIMEKUPATA |
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#80 |
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BANNED
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Tanzania plans to raise gas royalty
Monday, 06 August 2012 14:12 John Mbalamwezi DAR ES SALAAM, TANZANIA - The government is expected to raise gas royalty from the current 12.5% to an unspecified level as more oil and gas exploration companies are eying for more exploration in the country. The move is aimed at ensuring that gas benefit more Tanzanians, an expert said to East African Business Week in Dar es Salaam. According to the minister for Energy and Minerals, Mr. Sospeter Muhongo, the government will also raise fees that will be imposed to new demand for signature bonuses for energy contracts. "This signature fee would be introduced under a new gas policy, and gas utilization master-plan and law that will be unveiled towards the end of this year," he said. Muhongo added the main objective of all these enactments is to guide the gas and mining sectors for good, so that investors know exactly how they will proceed and how they will be charged regarding their production. "The government will review existing contracts and conduct a detailed evaluation before entering into new production sharing agreements for oil and gas to ensure national interests are upheld," he emphasized. For the past few years, a minimum of 18 global energy companies have spent nearly $920 million on oil and gas exploration in the country. The move to raise royalty comes at a time when the government is planning to launch new licences for nine deep-sea blocks by September this year in the south-eastern part of Tanzania, where major gas discoveries undertaken. Tanzania estimated to have about 28.74 and 30 trillion cubic feet (TCF) gas reserves. "With more exploration and drilling, we expect additional natural gas discoveries to be made in Tanzania," the managing director of the Tanzania Petroleum Development Corporation, Mr Yona Kilagane said. Kilagane added the prospects for more gas discoveries in the country's offshore region are very good. He noted that the use of natural gas reserves found in the country to run power plants and factories as opposed to oil imports is more cost effective. "This means that the government will be able to save over $1 billion a year through the use of natural gas instead of fuel," he said. As part of its plan to easy gas availability in the country, the construction of 532km gas pipeline which financed by Chinese through a loan amounting $1.2 billion started two weeks ago. The completion of the gas pipeline, in the next 18 months will automatically reduce expenses that the government has been incurred by using fuel to generate power. Tanzania is also expected to build two gas-powered plants to generate 390 MW at a combined cost of $598 million, a move which would reduce the country's reliance on hydro electric power which has so far proved vulnerable due to low level of water and unreliable rainfall. Loan agreements would be reached in September with the Japanese's Bank of International Cooperation and South Africa's Absa Bank for construction of one of the plants, meant to produce 240MW. Available statistics show that 40% of Tanzania 1,375 MW power capacity came from natural gas by the end of June, compared to 1,014 MW a year earlier. Peak demand rose to 820 MW from 730 MW. http://www.busiweek.com/news/tanzani...se-gas-royalty |
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