Published on : Apr 02, 2014
Tanzania is now considered as Africa’s leading producers of the commodity. It is now following heavy discoveries of natural gas on/off shore reserves in the area.
Many industry sources say that within the next two years, Tanzania will see natural gas reserve rise from a figure of 46 million trillion cubic feet (tcf) to 200 million tcf.
Tanzania is in the process of expanding its gas economy benefits after the completion of the 538-km natural gas pipeline from Mtwara to Dar es Salaam (under construction) project.
The Chief Secretary, Ambassador Ombeni Sefue, recently visited to Lindi and Mtwara regions to scrutinize different development projects led by a delegation of Permanent Secretaries. During this visit, the Ambassador warned the Tanzanians against the laxity of gas that led to end the poverty. He also warned them against the problems of the resources that were destroying the society instead of bringing people out of the poverty.
The fact that oil and natural gas are finite resources and despite their significance, there will come 0a time when they will be exhausted. This is the case in most parts of the world.
Tanzanians active in the gas rich areas should be highly vigilant in prevailing economic activities such as fishing, tourism, agriculture, livestock-keeping, mining, tourism, and services.
The gas economy has many advantages if they are properly harnessed. One of its benefits is labor intensive activities.
Initially, Dubai’s economy relied on oil and natural gas. However, today Dubai barely accounts for five percent of the gross domestic product (GDP). Now, their entire focus is on hospitality, tourism, IT, industry, and finance. Similarly, there several other countries that have diversified their economies into various other sectors after discovering oil and natural gas. These countries include Qatar and the United Arab Emirates (UAE).