Panel Recap: Tanzania's Energy Future – LNG Ambitions and Investment Strategy

Discussing Tanzania’s transformative energy prospects, our panel at this year’s Africa Energies Summit represented TotalEnergies, TGS, Stanbic Bank Tanzania, and Asilia Energy.

A key focus during discussions was the EACOP pipeline project which has delivered significant infrastructure development and created 8,000+ local jobs with $500 million in local contracts.

🇹🇿 Tanzania's upstream potential remains largely untapped despite 32 trillion cubic feet of proven recoverable gas reserves. The country's new Production Sharing Agreement model aims to attract investment, whilst key challenges include slow consensus-driven decision-making and regulatory caution stemming from past mining sector experiences.

🇹🇿 The proposed $42 billion LNG development represents a game-changing opportunity, potentially generating $2.5-7.5 billion in annual government revenues, equivalent to 18-20% of the national budget. Financing trends show increased interest from sovereign wealth funds and Asian investors alongside traditional export credit agencies.

🇹🇿 By 2045, our panellists envision Tanzania as a regional energy hub with thriving local oil and gas companies, reduced foreign operator dependence, and robust pipeline connections across East Africa, enabling significant LNG exports to neighbouring markets.

𝐅𝐨𝐫 𝐟𝐮𝐥𝐥 𝐚𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐒𝐮𝐦𝐦𝐢𝐭 𝐎𝐧-𝐃𝐞𝐦𝐚𝐧𝐝 𝐂𝐨𝐧𝐭𝐞𝐧𝐭, 𝐛𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 Frontier 𝐭𝐨𝐝𝐚𝐲!