Tanzania celebrates first natural gas discovery in more than 10 years

What happened: Tanzania announced a natural gas discovery in the Mnazi Bay area, the first such find in a decade. Energy Minister Juma Homera attended a ceremony at the Kasa-1X ST2 well, jointly owned by TPDC and Maurel & Prom. Key numbers: Estimated 223 billion cubic feet (6.3 billion cubic metres). Existing reserves of 57.54 trillion cubic feet. Why it matters: Homera called the discovery a major milestone for the country's small oil and gas sector and said it supports reliable, affordable energy as demand rises with industrial growth.

Tanzania announced a natural gas discovery in the Mnazi Bay area, the first such find in a decade. Energy Minister Juma Homera attended a ceremony at the Kasa-1X ST2 well, jointly owned by TPDC and Maurel & Prom.

Homera called the discovery a major milestone for the country's small oil and gas sector and said it supports reliable, affordable energy as demand rises with industrial growth.