( CONCERNING OIL AND GAS )
- There is the need for the TANZANIAN OIL & GAS SERVICE COUNCIL to represent the interests of Oil and Gas Service Providers in Tanzania with key mission to promote the capabilities of the Tanzanian Service Providers and showcase Tanzania as the regional hub for the Oil & Gas Industry. To achieve that, any policy should strive for technology neutrality and should phase out subsidies.
- There is need to have country website and center unit for Oil and Gas which will help local investors to get all information in one place which will be under TANZANIAN OIL & GAS SERVICE COUNCIL. We believe this Council will run its activities independent without depend much in government fund.
- Choose one target and keep as the policy’s cornerstone. This Council may be one of the last chances to reconsider targets. This would be a significant step towards ensuring that gas plays a meaningful role in electricity production.
- Gas emits roughly half the CO2 of coal: by taking one simple step policy – when calculating the emissions for the proposed natural gas power plants, please make the total as accurate as possible by including all emission sources — including those from natural gas extraction, production, processing, compression and delivery.
- Recognize the critical role that natural gas has to play in keeping the lights on: the more intermittent
renewable energycomes on-stream, the greater the requirement for other energy sources which are capable of balancing them and guarding against a deterioration of supply security. Gas power plants are the best option available: they are reliable and flexible and in securing energy supplyto keep citizens warm. With a fully integrated internal energy market, gas would be able to move freely throughout the Tanzania, improve Tanzania’s security of supply and contribute to greater energy efficiency.
- Recognize the contribution local company and investors. There is the need for local investors to invest in this new sector whether by themselves or government support considering the factors of the country being powerfully economically.
- Support and facilitate more oil and gas exploration in Tanzania.
- Tanzania still holds significant potential country in East Africa for this new sector of Oil and Gas: Current conditions have seen TPDC exploration activities with the good initiative to develop our country in this new sector.
- To develop that untapped potential, we need predictable national fiscal and regulatory frameworks. While we should avoid unnecessary legislation, policies encouraging the role of oil and gas in the future Tanzania energy mix can help to trigger more investment – for the benefit of Tanzania’s security of supply, industrial competitiveness and economic growth.
Tanzania Mines, Gas and Oil Company Ltd