Commercial development of newly discovered resources in East African countries
Although oil and natural gas exploration has been going on for decades in various East African countries, there has been limited success until recently. Mozambique, Tanzania, Uganda, and Madagascar have shown the most progress toward commercial development of newly discovered resources in recent years.
Uganda and Madagascar will most likely be the next new oil producers on the continent. Mozambique will probably be the first country in East Africa to develop the capability to export liquefied natural gas (LNG), possibly followed by Tanzania. Although progress toward commercial development of hydrocarbon resources in Kenya has been modest, the country plays a vital role in the region as an oil transit hub, particularly for oil products coming into the region. Kenya is planning to expand its role by embarking on a multi-million dollar investment to increase its midstream and downstream capacity.
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