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	<title>Tanzania natural gas Archives - International Finance</title>
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	<title>Tanzania natural gas Archives - International Finance</title>
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		<title>Kenya, Tanzania plan to explore natural gas trading</title>
		<link>https://internationalfinance.com/oil-and-gas/kenya-tanzania-plan-explore-natural-gas-trading/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=kenya-tanzania-plan-explore-natural-gas-trading</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Mon, 08 Jul 2019 07:28:20 +0000</pubDate>
				<category><![CDATA[Oil & Gas]]></category>
		<category><![CDATA[Kenya]]></category>
		<category><![CDATA[Kenya oil and gas]]></category>
		<category><![CDATA[natural gas]]></category>
		<category><![CDATA[Tanzania natural gas]]></category>
		<guid isPermaLink="false">https://internationalfinance.com/?p=25899</guid>

					<description><![CDATA[<p>Tanzania President John Magufuli said “We have natural gas, a lot of gas. We know Kenya needs gas”</p>
<p>The post <a href="https://internationalfinance.com/oil-and-gas/kenya-tanzania-plan-explore-natural-gas-trading/">Kenya, Tanzania plan to explore natural gas trading</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">Kenya and Tanzania plan to explore trading in natural gas, according to several media reports. Energy companies including Equinor are seeking to develop natural gas resources for export. </span></p>
<p><span style="font-weight: 400;">Tanzanian President John Magufuli said in a statement, “We have natural gas, a lot of gas. We know Kenya needs gas. Instead of Kenya importing gas from outside East Africa, they should buy from here.” </span><span style="font-weight: 400;">Kenyan President Uhuru Kenyatta and Tanzanian President John Magufuli are expected to start discussing matters on politics and infrastructure, according to the statement. So far, Tanzania has discovered more than </span><span style="font-weight: 400;"> </span><span style="font-weight: 400;">56 Tcf of natural gas and is closely working with global oil companies to develop $30-billion LNG project.</span></p>
<p><span style="font-weight: 400;">Tanzania is leading the way in gas discoveries compared to its partners in the East African Community bloc. Energy companies such as Equinor, Royal Dutch Shell and Ophir Energy have their own natural-gas blocks in the East African nation. </span></p>
<p><span style="font-weight: 400;">Earlier this month, Shell Executive Vice President Clare Harris said that the company is quite positive about the negotiations on liquefied natural gas (LNG) taking place between the Tanzanian government and partners. </span><span style="font-weight: 400;">It appears that LNG is a very important project for both Shell and Tanzania because the government is focused on transforming the country’s economy.  </span></p>
<p><span style="font-weight: 400;">The project is anticipated to be the largest single investment ever in Tanzania. </span><span style="font-weight: 400;">That said, the project would also assist in meeting the global demand for natural gas. Harris said that when the negotiations are completed followed by signing of the terms sheet will be a promising step toward the LNG project&#8217;s construction. </span></p>
<p>The post <a href="https://internationalfinance.com/oil-and-gas/kenya-tanzania-plan-explore-natural-gas-trading/">Kenya, Tanzania plan to explore natural gas trading</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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