How Tanzania’s $42 Billion Gas Deal Could Redefine East Africa’s Energy Map | Firstpost Africa
Watch this video as Firstpost explains how Tanzania is mounting an aggressive push to transform itself into East Africa's central energy hub through a series of multi-billion-dollar infrastructure developments. According to a Reuters report, Finance Minister Khamis Mussa Omar confirmed that the nation is close to finalising a $42 billion liquefied natural gas (LNG) agreement led by global energy giants Equinor and Shell. The mega-project aims to unlock over 47 trillion cubic feet of offshore natural gas for global export and domestic industrial use. Beyond natural gas, Tanzania is rapidly expanding its power grid towards an 8,000-megawatt capacity—targeting 75% clean energy—while attracting foreign capital into critical minerals and opening up its domestic bond market. Concurrently, a $20 billion joint venture with Uganda and Vitol at the Port of Tanga creates a strategic fuel and oil corridor, sparking a high-stakes regional energy competition with Kenya's newly launched $16 billion Lamu refinery project. Alyson Le Grange brings you more on this story on Firstpost Africa.---
Tanzania | LNG Project | Energy Hub | Natural Gas | Equinor | Shell | East Africa | Kenya | Uganda | Africa News | Firstpost
#Tanzania #LNG #NaturalGas #Energy #EastAfrica #Equinor #Shell #AfricaNews #firstpost
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