Vice President Dr. Philip Mpango encouraged investors to tap into Tanzania's geothermal energy potential at the 10th African Geothermal Conference, stressing the government's commitment to sustainable energy. The event highlighted the need for regional cooperation to enhance energy access and reduce reliance on fossil fuels.
An oil discovery in Gabon is progressing towards a production target of 40,000 barrels per day, with Norwegian company BW Energy successfully drilling new wells and repairing existing ones in the Dusavo oil field. Recent discoveries have raised resource estimates significantly, positioning the region for increased output and establishing Gabon as a key player in the oil sector.
The Grand Ethiopian Renaissance Dam (GERD) aims to be Africa's largest hydroelectric facility, boosting Ethiopia's economy but raising regional tensions with Egypt and Sudan over water rights. Its success hinges on Ethiopia managing relationships with downstream nations effectively.
Tanzania and Singapore are enhancing their partnership in the energy sector to share expertise and improve electricity generation capabilities. During a recent meeting, officials discussed strategies to boost trade and collaboration, aiming to meet Tanzania's ambitious energy goals by 2030.
The East African Crude Oil Pipeline (EACOP) project has reached 45.5% completion, with ongoing construction activities from Hoima, Uganda, to Tanga, Tanzania. Significant progress includes the creation of thousands of jobs and substantial local investments, with construction expected to be completed by mid-2026.
The report on the largest exporters of liquefied gas in Africa during the third quarter of 2024 highlights an increase in exports from most African countries, with the exceptions of Algeria and Equatorial Guinea.