nngu007
JF-Expert Member
- Aug 2, 2010
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Anazungumzia GAS... itawafaidisha watanzania wote
President Jakaya Kikwete
President Jakaya Kikwete has said the government would make sure that natural gas Production Sharing Agreements (PSA) with private companies benefit both Tanzanians and investors.The president also assured gas and oil prospecting companies on and off the shores of Indian Ocean that the government would continue to beef-up security to protect them against any possible piracy attacks.
He was speaking on Monday evening at the State House when he held talks with representatives from British Gas International (BGI) Group, led by Sir Robert Wilson, the firms Board Chairman.
I would like to assure you that all PSAs we entered with investors will benefit both sides and everyone will walk away satisfied, he noted.
Sir Wilson broke the news that BGI had struck commercially viable quantity of natural gas in three wells, including the first deep-sea well.The drilling of the three wells was carried between 2010 and last year.
BGI had invested about $500 Million (800bn/-) last year and is expected to pump in similar figure this year, Sir Wilson said. The chairman told President Kikwete that from 2016, his company would inject between $10 Billion and $20 Billion (32tr/-) for investment in gas and the Tanzanian economy in general.
Sir Wilson called on Tanzania to team up with BGI to tackle the challenges facing exploration and production of natural gas on the Indian Ocean.
He highlighted one of the challenges as piracy that had forced private companies to spend a lot in security. Sir Wilson mentioned another concern as possibility of conflicts related to gas contracts just like what happened with mining sector.
President Jakaya Kikwete
He was speaking on Monday evening at the State House when he held talks with representatives from British Gas International (BGI) Group, led by Sir Robert Wilson, the firms Board Chairman.
I would like to assure you that all PSAs we entered with investors will benefit both sides and everyone will walk away satisfied, he noted.
Sir Wilson broke the news that BGI had struck commercially viable quantity of natural gas in three wells, including the first deep-sea well.The drilling of the three wells was carried between 2010 and last year.
BGI had invested about $500 Million (800bn/-) last year and is expected to pump in similar figure this year, Sir Wilson said. The chairman told President Kikwete that from 2016, his company would inject between $10 Billion and $20 Billion (32tr/-) for investment in gas and the Tanzanian economy in general.
Sir Wilson called on Tanzania to team up with BGI to tackle the challenges facing exploration and production of natural gas on the Indian Ocean.
He highlighted one of the challenges as piracy that had forced private companies to spend a lot in security. Sir Wilson mentioned another concern as possibility of conflicts related to gas contracts just like what happened with mining sector.