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
Featured Companies
  • /
  • African Business Development Association
  • TITAN Containers A/S
  • Mercury Tube Products
  • SMES Today Magazine
  • DOOREE INTERNATIONAL CO LTD
  • africabusiness.com
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • Ravi Enterprise is a professionally managed organization, established as a reliable source of industrial heaters.
  • Norden brings to you the tested electrical and optical solutions, catering to a wide spectrum of industries - Telecommunication, Building, Industrial and Utilities.
  • South African incinerator and cremator designer and manufacturer making significant inroads into overseas markets.
  • We are primarily involved in the following product range of material processing equipment: Crushing Equipment, Screening Equipment and Washing Equipment.
  •  Egypt Power Group was founded by four brothers and established in Cairo. Egypt Power Group operates in the field of diesel engines providing a wide and varied range of products and applications.
  • Complete magazine on natural healing
  • X-Concepts specializes in wireless area networks (WAN) solutions, wireless products and communications solutions.
  • The biggest manufacturer and distributor of safes and steel office furniture in Eastern Europe.
  • Gateway to Global Food B2B Marketplace
  • It is publication which is serving the food & package industries in Asia.
  • Shenzhen City, Riland Industrial Co., Ltd. is China
  • Radhekrishna, a leading mechanical engineering enterprise in India,
  • Japanese wood market magazine
  • White Horse Ceramic Industries is always the leader in quality, style, pattern and function in order to meet the demand for design and decoration of our customers.
  • DM is one of the leading manufacturer specialized in reflective material in the world, which is only one manufacturer that not only produce personal safety production but also produce traffic safety production in China.
  • Home Appliances
  • IGW is a very unique glacier water company, which is environmentally green, and uses some of its water resourses for humanitarian purpose
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2018 Afrotrade