Natural Gas World
  • Natural Gas News

    Daily News: Tanzania - Gas Discoveries Poised to Tone Up Economy Within 12 years

    old

Summary

Following the recent gas discoveries in Tanzania, the head of the Bank of Tanzania is predicting a 15.3% economy growth year on year for the next 12 years

by: Erica Mills

Posted in:

Press Notes, Africa

Print This Article

Daily News: Tanzania - Gas Discoveries Poised to Tone Up Economy Within 12 years

Tanzania's economy is projected to start accelerating at the rate of 15.3 per cent annually within the next 12 years, following massive off shore discovery of natural gas in the country, it was said in Dar es Salaam on Thursday.

The Governor of the Bank of Tanzania (BoT), Prof Benno Ndulu, said the country’s current proven reserves stood at 55 trillion cubic feet (tcf), while construction of a liquefied natural gas (LNG) plant was scheduled to be undertaken between 2017 and 2022.

Read the full article HERE.

Related Articles