Tag Archives: natural gas development
natural gas development: Latest News
D.A. Barber, 2:28 am AFKI Original
Initially there was a lot of exuberance over the big oil and gas finds in East Africa, but now the reality is setting in, along with the challenges. The discoveries are important regionally for their potential to hasten economic growth through investments in road, rail and other infrastructure. While individual countries pursue their own developments, the plan for the region as a whole is to better integrate its economies across borders to enable investor companies to compete and export natural resources.
D.A. Barber, 10:52 am AFKI Original
The Tanzanian government and local officials promise the booming natural gas industry will mean jobs and electricity for locals, not another resource curse. Tanzania is on a boom trajectory due to ongoing natural gas discoveries offshore. But it’s not just about gas industry jobs. The natural gas boom is also viewed as a ticket to increasing access to electricity in a country where just 24 percent of Tanzanians are connected to the national power grid.
- Real Estate