Tanzania is increasing its direct involvement in the natural gas industry by expanding TPDC's exploration rights and preparing it to operate the Songo Songo gas field. The move aims to strengthen national control over energy resources while maintaining production and attracting investment for future gas development.
An impact investment company has acquired a majority stake in Ethiopia’s Corbetti geothermal project, marking a significant development in the country’s renewable energy sector.
Tanzania has substantial natural gas resources, with more than 57.5 Tcf of estimated hydrocarbon potential, and is pursuing further exploration to attract investment, expand domestic industrial use and develop LNG exports. Prospective oil exploration areas, a planned licensing round for blocks in Lake Tanganyika, and proposed petroleum infrastructure could strengthen Tanzania's role in East Africa's energy sector if commercially viable resources are confirmed.
Middle East crude oil supplies have recovered to over 90% of pre-conflict levels, but high shipping costs and ongoing security threats continue to pressure energy markets.
Tanzania is set to announce the quantity of newly discovered natural gas in the Mnazi Bay block in Mtwara Region next week, following the successful completion of drilling three wells by the Tanzania Petroleum Development Corporation (TPDC) and its partner, M&P.
A new study found that people living within 3 miles of newly constructed oil and gas wells in California face a 12.5% higher risk of contracting valley fever, a fungal infection spread through airborne soil spores.