M a r k e t N e w s

GAS CONSUMPTION TO RISE BY 30PC IN 2017

Posted on : Tuesday , 5th December 2017

Utilization of dry gas in Tanzania is set to increase to 1.7 billion cubic meters from 1.3 billion cubic meters last year.

 
London-based Business Monitor International (BMI) Research, which provides macroeconomic, industry and financial market analysis in 24 industries and 200 global markets, says Tanzania has per capita gas consumption of 15.9 cubic meters while the reserve is 1.6 trillion cubic meters.
 
David Earnshaw, Laura Hyde and Jeffrey Lamoureux, its analysts said in their new East African regional economic outlook for December 2017 that dry natural gas would continue to grow by two billion cubic meters annually until 2019.
 
As gas from the Mnazi Bay Concession was brought on stream in 2015, gas consumption increased significantly. According to a statement by the Tanzania Petroleum Development Corporation, gas-fired generation increased by 280MW in December last year.
 
Tanzania's oil and gas outlook report of 2016 stated that major gas discoveries offered major upside to the country's gas production outlook while delays to final investment decision on the LNG export terminal may push back the first production outside the 10-year forecast period.
 
"We forecast a steady increase in gas production growth across the next seven years, driven by a number of marginal field developments. We see output rising to 2.7 billion cubic meters by 2021 from an estimated 1.5 billion cubic meters in 2015."
 
By the next 3 years the massive volume of Tanzania gas production is expected to occur which will reach 10.7 bcm from 2.7 bcm.
 
 

Source : Business News Africa
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