Jump to navigation

Vol 54 No 23

Published 15th November 2013


Rocky road to gas economy

Political rows and bad laws are undermining the prospects for the billion dollar gas industry

His excitement was not misplaced: ‘We are now full throttle ahead to the gas economy,’ said Energy and Minerals Minister Sospeter Muhongo. He was speaking at the launch of the Fourth Offshore and Lake Tanganyika Licensing Round on 25 October. The International Monetary Fund’s estimates of potential state revenue from known reserves alone start at US$2.5 billion, roughly equivalent to all current aid receipts. The government’s figure for reserves is over 40 trillion cubic feet. If proven, projected revenue could be multiplied.

End of preview - This article contains approximately 1498 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.