DAR ES SALAAM Aug 21 Tanzania expects its gas
resources to increase fivefold within the next two years if new
finds in east Africa's second-biggest economy prove productive.
"It is expected that Tanzania's natural gas resources will
rise to 200 trillion cubic feet after the next two years," the
energy and minerals ministry said in a statement.
Discoveries offshore of Tanzania and Mozambique's waters
have led to predictions the region could become the world's
third-largest exporter of natural gas, with the country
strategically located for exports to Asia.
The country's energy ministry said on Wednesday that oil and
gas exploration activities were being carried out offshore,
along the coastline, lakes and on onshore blocks.
Tanzania has previously estimated it has 43.1 tcf of
recoverable natural gas reserves, most of it found offshore
south of the country.
Tanzania's minister for energy and minerals, Sospeter
Muhongo, announced in May exploration companies planned to drill
17 new wells in the country during the 2013/14 (July-June)
fiscal year at a cost of at least $680 million.
Tanzania has currently licensed 16 international energy
companies to search for oil and gas.
British gas firm BG Group, Norway's Statoil,
Brazil's Petrobras, Royal Dutch Shell and Exxon Mobil
Corp are among companies already operating in Tanzania.
The country plans to offer seven deep offshore blocks and
one onshore block in October for oil and gas exploration, with
the potential of making more high-impact gas finds.