Kenya, Tanzania Leaders Plan to Explore Natural-Gas Trading

Kenyan President Uhuru Kenyatta and his Tanzanian counterpart, John Magufuli, agreed to explore trading in natural gas, which companies including Equinor ASA are looking to develop for export.

“We have natural gas, a lot of gas. We know Kenya needs gas,” Magufuli said during Kenyatta’s visit to his country. “Instead of Kenya importing gas from outside East Africa, they should buy from here,” he said in a statement emailed by Kenya’s presidency.

The energy ministries of both countries will start talks on required policies and infrastructure, according to the statement.

Tanzania has so far discovered more than 56 trillion cubit feet of natural gas and is currently engaging international oil companies individually on the terms of developing a $30 billion LNG project. Equinor, Royal Dutch Shell Plc and Ophir Energy Plc own natural-gas blocks in the East African nation.

Disclaimer
The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.
Top