Daily News: Gas Discoveries Spark Dreams of Making Tanzania New Hot Spot

For a decade the government, along with international companies involved in hydrocarbons prospecting, has made a series of announcements of natural gas discoveries. These announcements have given rise to much excitement; ordinary Tanzanians are hoping for improvements in their living conditions, while the government is looking forward to billions of dollars in export revenues and foreign direct investment (FDI).

Government departments involved in the gas sector have made repeated statements of their intention to use these funds for national development. Along with this commitment the government has taken steps to improve the regulatory environment for hydrocarbons, including gas, through a review of its laws. It also commissioned a Natural Gas Master Plan for Tanzania that will outline scenarios for utilisation of the resource once production starts. Early indications are that the government is considering two options for the gas.

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