Regional Focus

Mozambique and Tanzania hold an estimated 180 Tft3 and 57 Tft3 of proven natural gas reserves, respectively. Although the countries are two of Africa’s biggest holders of proven natural gas reserves, they are grappling with uncertainties surrounding hydrocarbon industry regulations and a prolonged cycle of low oil and gas prices. These circumstances have forced Mozambique and Tanzania to postpone key natural gas monetization projects. Mozambique instated its New Petroleum Law in 2015 to replace regulations established in 2004 and updated in 2008; however, many specifics of the law are still unclear. In a similar scenario, Tanzania’s recently approved oil and gas laws provide no clear roadma