DAR ES SALAAM — Kenyan President Uhuru Kenyatta and his Tanzanian counterpart, John Magufuli, agreed to explore trading in natural gas, which companies including Equinor ASA are looking to develop for export.
They tasked ministers responsible for energy in respective countries to explore mechanisms for the natural gas trade including infrastructure and policy requirements.
“We have natural gas, a lot of gas. We know Kenya needs gas,” Magufuli said during Kenyatta’s visit to his country. “Instead of Kenya importing gas from outside East Africa, they should buy from here,” he said in a statement emailed by Kenya’s presidency.
Tanzania has so far discovered more than 56 Tcf of natural gas and is currently engaging international oil companies individually on the terms of developing a $30-billion LNG project. Equinor, Royal Dutch Shell Plc and Ophir Energy Plc own natural-gas blocks in the East African nation.