Tanzania: Africa50 backs LNG project
The venture will distribute domestic natural gas to industrial and transport customers in Tanzania.
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Africa50, an investor in African infrastructure, has announced a partnership with the Tanzania Petroleum Development Corporation (TPDC) and TAQA Arabia to establish the first phase of a small-scale liquefied natural gas (LNG) project aimed at distributing domestic natural gas to industrial and transportation customers nationwide.
Mussa M. Makame, managing director of TPDC, said: “This agreement reflects Tanzania’s commitment to using its natural gas resources to support national development. As a gas supplier to this project, TPDC will work with the project partners to broaden domestic access to cleaner, reliable energy and create greater value for the Tanzanian economy.”
Pakinam Kafafi, CEO of TAQA Arabia subsidiary Rosetta Energy Solutions, commented: “This project will turn Tanzania’s abundant gas resources into reliable energy for industry, communities and transport, strengthening energy security and accelerating industrialisation.”
Alain Ebobissé, group CEO at Africa50, added: “Africa50 was created to develop bankable projects, mobilise finance for investments in Africa’s infrastructure and accelerate delivery. That founding vision has grown into a world-class institution committed to development impact and commercially sound returns. Having successfully built this platform, we are now ready to raise our ambition, translating the vision of African leaders into infrastructure investments at scale that empower people, strengthen Africa’s global competitiveness and attract significant investment from within Africa and globally.”
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