Friday, January 21, 2011

TANZANIA'S PROVEN GAS RESERVES MORE THAN DOUBLE



DAR ES SALAAM (Reuters) - Tanzania's proven natural gas reserves have more than doubled to now stand at 7.5 trillion cubic feet following more discoveries off its coast, regional trade bloc East African Community (EAC) said.

Tanzania's government previously put the east African economy's proven natural gas deposits at about 3.3 trillion cubic feet.

"Recent discoveries of natural gas in Deep Sea took the total gas reserves in Tanzania to about seven and a half trillion cubic feet, volumes sufficient to allow Tanzania to export both natural gas and electricity to the EAC region," a statement said.

The east African economy has found gas deposits in four areas -- Songo Songo island off the eastern coast, in nearby West Songo Songo, Mnazi Bay in southeastern Tanzania and Mkuranga near the commercial capital of Dar es Salaam.

EAC has plans to build a pipeline to distribute the gas to the rest of the region.

"As we discuss the natural gas pipeline project we should also look into the exportation of electricity arising from the exploitation of huge energy sources available in Tanzania," the EAC statement said.


REUTERS

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