The Petroleum Industry in Tanzania 2023:
Significant Natural Gas Reserves Present Opportunities for Expansion – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “The Petroleum Industry in Tanzania 2023” report has been added to ResearchAndMarkets.com’s offering.
The Petroleum Industry in Tanzania
The Tanzanian petroleum industry has been growing over the past few years in terms of natural gas output and the consumption of natural gas and petroleum products. Tanzania has the fifth-largest recoverable natural gas reserves in Africa and it produces enough natural gas to satisfy domestic demand.
Tanzania is an important channel for neighbouring landlocked countries’ petroleum imports. Opportunities to grow the industry include planned natural gas pipelines to Kenya and Zambia and the planned Tanzania Liquefied Natural Gas project, which will be the country’s largest investment to date.
The Tanzania Liquefied Natural Gas Project
The Tanzanian government planned to sign a host government agreement in February 2023 with Norwegian company Equinor and British company Shell to operate the gas fields and LNG plant. The LNG will be exported to Asia and Europe, while some of the natural gas will be will be used in the country for power generation and by companies such as manufacturers.
Tanzania is eager to use its natural gas reserves to develop its economy. Securing sufficient funding might prove to be a challenge.
Trends and Issues
Demand for natural gas is growing and liquefied petroleum gas consumption is increasing, especially in rural areas. The number of petrol stations is increasing on the back of economic growth and the expansion of the road network. Some petrol stations at times do not have stock of a specific fuel due to delays in deliveries or a lack of funds. There is a shortage of compressed natural gas filling stations in the country, as increasing numbers of vehicle owners want to switch from petrol.
Report Coverage
This report on the petroleum industry in Tanzania provides comprehensive information on crude oil and natural gas, petroleum products, fuel wholesale and retail, exploration, reserves, pipelines and major new projects. There are profiles of 19 companies including state-owned Tanzania Petroleum Development Corporation, major international players such as TotalEnergies and Shell and gas companies including Songas and Taifa Gas.
Key Topics Covered:
1. INTRODUCTION
2. COUNTRY PROFILE
3. DESCRIPTION OF THE INDUSTRY
3.1. Industry Value Chain
3.2. Geographic Position
3.3. Size of the Industry
4. LOCAL
4.1. State of the Industry
4.2. Key Trends
4.3. Key Issues
4.4. Notable Players
4.5. Trade
4.6. Corporate Actions
4.7. Regulations
4.8. Enterprise Development and Social Economic Development
5. AFRICA
6. INTERNATIONAL
7. INFLUENCING FACTORS
7.1. Economic Environment
7.2. Unforeseen Events
7.3. Labour
7.4. Environmental Issues
7.5. Technology, R&D and Innovation
7.6. Government Support
8. COMPETITIVE ENVIRONMENT
8.1. Competition
8.2. Barriers to Entry
9. SWOT ANALYSIS
10. OUTLOOK
11. INDUSTRY ASSOCIATIONS
12. REFERENCES
12.1. Publications
12.2. Websites
APPENDIX
- Summary of Notable Players
COMPANY PROFILES
- ARA Petroleum Tanzania Ltd
- Camel Oil (T) Ltd
- Equinor Tanzania AS
- Lake Oil Ltd
- Mansoor Industries Ltd
- Maurel and Prom Exploration Production Tanzania Ltd
- Mount Meru Petroleum Ltd
- Ndovu Resources Ltd
- Oilcom (T) Ltd
- Oryx Energies Tanzania Ltd
- Oryx Gas Tanzania Ltd
- Oryx Services and Specialities Ltd
- PanAfrican Energy Tanzania Ltd
- Puma Energy Tanzania Ltd
- Shell Exploration and Production Tanzania Ltd
- Songas Ltd
- Taifa Gas Tanzania Ltd
- Tanzania Petroleum Development Corporation
- TotalEnergies Marketing Tanzania Ltd
- Wentworth Resources PLC
Companies Mentioned
- ARA Petroleum Tanzania Ltd
- Camel Oil (T) Ltd
- Cyprus Mnazi Bay Ltd
- Equinor Tanzania AS
- Gas Supply Company Ltd
- Lake Oil Ltd
- Mansoor Industries Ltd
- Maurel and Prom Exploration Production Tanzania Ltd
- Mount Meru Petroleum Ltd
- Ndovu Resources Ltd
- Oilcom (T) Ltd
- Oryx Energies Tanzania Ltd
- Oryx Gas Tanzania Ltd
- Oryx Services and Specialities Ltd
- PanAfrican Energy Tanzania Ltd
- Puma Energy Tanzania Ltd
- Shell Exploration and Production Tanzania Ltd
- Songas Ltd
- Taifa Gas Tanzania Ltd
- TANOIL Investments Ltd
- Tanzania Petroleum Development Corporation
- TotalEnergies Marketing Tanzania Ltd
- Wentworth Gas (Jersey) Ltd
- Wentworth Gas Ltd
- Wentworth Holding (Jersey) Ltd
- Wentworth Mocambique Petroleos Ltda
- Wentworth Mozambique (Mauritius) Ltd
- Wentworth Resources (UK) Ltd
- Wentworth Resources PLC
- Wentworth Tanzania (Jersey) Ltd
For more information about this report visit https://www.researchandmarkets.com/r/brs94h
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