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Tanzania’s Natural Gas Reserves Almost Triple on New Finds

Tanzania’s total estimated natural gas reserves almost tripled to as much as 28.7 trillion cubic feet with recent offshore discoveries including one by Statoil ASA, Energy Minister Sospeter Muhongo said.

The energy ministry plans to submit a draft natural gas policy and propose legislative amendments in September, the minister said in an e-mailed statement yesterday. The ministry estimated total reserves at 10 trillion cubic feet in September.