Tanzania’s natural gas reserves are estimated to have risen to more than 10 trillion cubic feet (tcf) from a previous estimate of 7.5 tcf following major gas discoveries in the country’s deep-water offshore region, reported Reuters.
Norwegian oil and gas firm Statoil has found natural gas offshore Tanzania, marking the latest in a series of discoveries on the doorstep of Asia’s fast growing markets.
Mozambique, the fastest growing energy player in the region, this month estimated that energy firms will spend $50bn over the next decade to develop its liquefied natural gas (LNG) industry.
