Tanzania Approves Final Gas Policy

Tanzania's cabinet has given a go ahead to the long awaited natural gas policy, news agency Reuters reports.  

The new set of rules will impose tough conditions on foreign companies and ensure the domestic market gets priority over exports, the news agencyadds.

"The final natural gas policy was approved by cabinet ... and we are now in the final stages of drafting a new law to regulate the industry," Eliachim Maswi, the energy ministry's permanent secretary, told Reuters on Tuesday.

The minister added that government's goal is to have the natural gas legislation in place next year.

The government said a separate policy would be drafted to guide upstream activities such as exploration, development and production stages of oil and gas operations.

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