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flag of Tanzania painted on wooden frame. Getty Image via NewsCred

Natural gas fuels Tanzanian growth

Zachary Toliver | Shale Plays Media

In America, natural gas may have an arguable economic worth. Yet in the African country of Tanzania, natural gas consumption is saving the country hundreds of millions of dollars. All Africa reports that over the past ten years, revenues accumulated from natural gas use totals $265 million. Due to the reduction of imported fuels thanks to localized production, savings over the same ten-year period is estimated around six billion dollars.

Over 40 percent of Tanzanian electricity is powered by natural gas and with room to grow. All Africa reports that installed capacity of natural gas-fired power generation plants currently stands at 562.5mw but the country is currently only utilizing 411.5mw.

Tanzania has discovered 50.5 trillion cubic feet (tcf) of the recoverable energy. Over 40 tcf of gas fields exist in deep sea regions, making recovery a bit more dangerous and expensive. Only a small fraction of known remaining gas reserves reside onshore. Discoveries so far have been made in the three regions of Lindi, Mtwara and Coast.

Read the full story on how natural gas is helping fuel Tanzanian economic progress in Alvar Mwakyusa’s article, “Tanzania: Natural Gas Discovery, Revenue Saves Sh10 Trillion”

Related: INSIGHT-Better late than never, Germany joins new scramble for Africa

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