PURA has participated in the inspection of a modern gas drilling rig in China ahead of a major drilling campaign in Mnazi Bay, Mtwara, expected to begin in November 2025. The rig will drill three wells projected to boost Tanzania's gas output by over 30 million standard cubic feet per day.
Zambia is making significant strides toward its ambitious goal of generating 1,000 megawatts (MW) of solar electricity by the end of the year, a key effort to bridge the energy gap that has constrained the country’s economic growth.
Tanzania is finalizing a $42 billion LNG project agreement that will enable major gas development and boost the country’s energy security and economic growth. The deal, supported by President Samia Suluhu Hassan, aims to ensure local benefits, attract investment, and kickstart production by 2025.
Kenya imports fuel at a cheaper price than Tanzania, yet high local taxes and levies make it more expensive at the pump. Lawmakers are calling for a review of the tax structure, which accounts for nearly half of the fuel cost.
Egypt’s natural gas reserves are set to increase following a new gas discovery by UAE-based Dana Gas.
European stock futures fell and oil prices surged as traders awaited Iran’s response to U.S. airstrikes on its nuclear facilities, Bloomberg reported.