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Tanzania announces first gas discovery in more than 10 years (updated)

UPDATE 1-Tanzania announces first gas discovery in more than 10 years

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- Tanzania has discovered an estimated 223 billion cubic feet of natural gas in the Mnazi Bay area in the south of the country, its energy minister announced on Tuesday.

  • Energy minister Juma Homera said the reserves were found at the Kasa-1X ST2 well, explored jointly by state-owned Tanzania Petroleum Development Corporation (TPDC) and French oil company Maurel & Prom

  • The find is Tanzania's first gas discovery in more than 10 years

  • Homera said that TPDC and Maurel & Prom had drilled three wells — MB-5, MS-2 and Kasa-1X ST2 — that would help to boost the country's gas supply

  • Maurel & Prom has said that first gas production could start as early as next month

  • Homera said TPDC was already in talks with four investors planning small-scale liquefied natural gas projects

  • Before the latest announcement, Tanzania's discovered reserves stood at about 57.5 trillion standard cubic feet, according to the energy regulator


(Reporting by Nuzulack Dausen;
Writing by Vincent Mumo Nzilani;
Editing by Alexander Winning)

((Vincent.MumoNzilani@thomsonreuters.com))

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