Tanzania has announced the postponement of its fifth round of oil and gas exploration licensing to May 2025. This decision aims to maximise visibility among international investors by launching the process during the Africa Energies Summit, scheduled from 13 to 15 May in London.
Underexploited energy potential
The country plans to allocate 26 exploration blocks, including 23 located off the coast of the Indian Ocean and three in Lake Tanganyika. These areas hold natural gas reserves estimated at over 57 trillion cubic feet, used to generate more than half of the country’s electricity.
Investor attraction strategy
Charles Sangweni, Director General of the Petroleum Upstream Regulatory Authority (PURA), highlighted the importance of launching this licensing round during a major conference to attract key investors in the oil and gas sector.
Ongoing gas projects
Meanwhile, the Tanzanian government continues negotiations with international companies for a $42 billion liquefied natural gas (LNG) project. The companies involved include Equinor ASA, Shell Plc, Exxon Mobil Corp, Pavilion Energy, Medco Energi, and the national oil company, Tanzania Petroleum Development Corporation (TPDC).
Energy sector outlook
The success of this licensing round could strengthen Tanzania’s energy sector by attracting new investments and diversifying exploration projects. This initiative aligns with the country’s ambition to become a key player in the regional and international energy landscape.
