New Dawn For Tanzanian Energy Future As LNG HGA Mega Project Signed
London – 14 June 2022 –
The Government of Tanzania and its partners including Equinor, Shell and ExxonMobil have announced the signing of the historic Host Government Agreement (HGA), which will green light the nation’s gas and LNG mega project. The $30 billion USD project aims to produce 10 million tons per annum of LNG for export with a transformational potential for industrialization by bringing investment, technology, skills and infrastructure to the country, which will benefit Tanzanian businesses and its citizens.
“We expect the final investment decision on the LNG project to be reached in 2025,” president of the United Republic of Tanzania Samia Suluhu Hassan said in a speech at the signing event on Saturday (11 June) in the capital, Dodoma. Since her appointment as President, Her Excellency Samia Hassan has led the drive for global investment into Tanzania with the conclusion of the HGA being one of the Government’s
priorities. This historical agreement follows the recent huge success of the Presidential Royal Tour to the US, which secured more than $1 billion dollars in foreign investment.
“It could not come at a more critical time for us Tanzanians,” stated Hon. Abdulsamad Abdulrahim Abdulrahim, Chairman of the Association of Tanzanian Oil & Gas Service Providers (ATOGS), we have been waiting patiently on the side-lines to establish and develop a national
energy industry, for the local economy, for local capacity building, and for the benefit of Tanzania”.
Tanzania is quicky establishing itself as East Africa’s Energy Hub with business opportunities spanning the EACOP pipeline, upstream offshore gas developments, regional Gas pipeline projects, LNG, Gas to Power, Energy infrastructure and a number of renewable energy projects.
These and other such strategic energy projects will be showcased by the Minister of Energy January Makamba and his technical team from TPDC, PURA and TANESCO at the international Tanzania Energy Congress meeting taking place 3 – 4 August 2022 in Dar Es Salaam
and organised by dmg events and its partners Ocean Business Partners Tanzania.
Distinguished dignitaries and industry leaders due to participate include: Tanzania’s Ministers of Energy, Foreign Affairs and East African Cooperation, Finance and Planning, Investment, Industry and Trade, Labour, Youth, Employment and Persons with Disability. Foreign Ministers of Energy from Saudi Arabia, Uganda, Equatorial Guinea and Comoros amongst few. In addition to CEOs and MDs from local, regional and global energy industry private sector as well as representation from government agencies, NGOs, Universities and SMEs.
Sponsors of the event include global energy groups such as: Group Six International, PanAfrican Energy, Elsewedy Electric, East African Crude Oil Pipeline, Oryx Energies, Amsons Group, Maurel & Prom, McDermott, NMB, Schneider Electric and Wentworth Resources.
For further information visit www.tanzaniaenergycongress.com
About Tanzania Energy Congress:
The Tanzania Energy Congress is now firmly established as the preeminent oil, gas, LNG and energy convening platform in country and the region for the entire global private sector value chain and investors to engage and foster relations with key in-country government, ministerial, regulatory and NOC stakeholders with a view to developing Tanzania’s energy industry. The fourth edition of this prestigious Congress will take place 3 – 4 August 2022 and is being organised by DMG Events in partnership with Ocean Business Partners Tanzania, where more than 1,000 energy industry participants are expected, in addition to 100 exhibitors and over 60 speakers from around the globe to discuss the exciting opportunities in Tanzania’s burgeoning energy industry.
Endorsed by the Ministry of Energy and supported by TPDC, PURA, TANESCO, EWURA, ZPDC, ZPRA, NEEC, OSHA and ATOGS, the key theme for 2022 will be: The Next Phase In Tanzania's Energy Sector: Promoting Investment & Growth
Learn more at: www.tanzaniaenergycongress.com
About the co-organisers:
dmg events
Headquartered in Dubai, UAE since 1989 with operations in Saudi Arabia, Egypt, Singapore, Canada, South Africa and the UK, dmg events is an international exhibitions and publishing company. We attract more than 425,000 attendees, 21,000 exhibitors and sponsors to our
portfolio of 84 events across 28 countries each year. We have expanded our operations to achieve impressive growth in emerging and mature markets by the strategic acquisition of complementary businesses and by geo-cloning our flagship events, where we adapt our core event brands to work across new countries and cultures.
Our 300-member team nurture professional communities for diverse industries including Construction, Energy, Coatings, Transport, Hospitality & Interiors. Our events are a focal point, supported by conferences, certified workshops, technical seminars and industry publications.
Through all of this work our aim is simple. We want to accelerate business through face-to-face events, which is why we work so hard to bring people together, creating opportunities for them to network, learn and do business.
Learn more at: www.dmgevents.com
Ocean Business Partners Tanzania
Ocean Business Partners Tanzania is an indigenous and leading cross border advisory Consultancy firm focusing on expertise in various business disciplines from Oil, Gas, Energy, Logistics, Investment Advisory, Business Consultancy, Risk Consultancy, Project Engineering and Finance facilitating to name a few.
The Ocean Business Partners Tanzania takes pride in supporting its wide range of clients right from the foundation stage of developing new project ideas, to the implementation, and releasing of their products or services into the Oil, Gas and Energy market. We aim to create personalized business plans for our clients that are well thought by our team of consultants who take immense pride in their practical experience in the Oil & Gas Industry and other related fields. We believe in collaboratively finding solutions to any individual task, and working together as a team with our clients.
Learn more at: www.obp-tanzania.co.tz
For further information, please contact:
Roshan Jan-Mahomed
[email protected]
+44 208 078 6485
