News article

Oil and gas export opportunities in Tanzania for UK companies

UKTI Tanzania’s revised report provides an overview of Tanzania’s oil and gas sector including supply chain opportunities from the proposed LNG project.

UK Trade and Investment (UKTI) Tanzania has updated their 2014 report which examines the opportunities in the Tanzanian market. The report called ‘High Value Opportunity – Tanzania Oil and Gas’ offers a greater understanding and in-depth knowledge of:

  • current and upcoming oil and gas projects
  • supply chain opportunities and schedules for the proposed Liquified Natural Gas (LNG) project

Tanzania is a growing oil and gas market with on-going discoveries, including 19 exploration blocks. USD 10 to 20 billion investment is projected for exploration and production in the coming decade.

Exploration activities in Tanzania’s deep offshore waters have led to the discovery of 50.5 trillion cubic feet (tcf) of natural gas over the past 2 years. More discoveries are likely to come as drilling campaigns continue to unfold. It is estimated that the recoverable reserves will double to 100 tcf by the year 2015.

Tanzania forms part of UKTI’s East Africa High Value Opportunity (HVO.)

Contents of report

  • background
  • oil and gas overview of Tanzania
  • opportunities in Tanzania’s LNG project
  • doing business in Tanzania

Contacts

Contact Misbah Mughal at UKTI Tanzania to obtain a copy of the report.