East Africa Oil and Gas Outlook<\/a> the recent oil and gas finds in these countries will end a 20+ period of relative status-quo on the continent that has seen most investments in the sector head towards north and West African countries.<\/p>\nThe report says that E&P companies will by the end of a decade head towards the region despite low reserve sizes in the region so far as compared to their northern and western counterparts.<\/p>\n
Kenya will have the eyes of the investors for more than just the recent oil discoveries but also the LAPSSET project that will see all the major exporters of oil in east African namely Uganda, Ethiopia and South Sudan rely on the Lamu port on the northern coast for exports.<\/p>\n
LAPSSET which stands for the Lamu Port\u00a0Southern Sudan-Ethiopia Transport (LAPSSET) Corridor project is estimated to cost $25.5 billion is Africa\u2019s biggest infrastructure project to date and will incorporate a number of projects under oil and gas including an oil refinery in Kenya\u2019s coast province and oil pipelines.<\/p>\n
Mozambique is largely attractive its recent large gas discoveries that make it really a potential LNG exporter in the very near future.<\/p>\n
Mozambique in 2013 discovered 150 trillion cubic feet of gas (among the largest discoveries that year) enough to supply\u00a0Germany, Britain,\u00a0France\u00a0and\u00a0Italy\u00a0for 15 years.<\/p>\n
Tanzania has also struck large gas deposits offshore and is now estimated to have more than 40 trillion cubic feet of gas that has also led to increased interest coupled with a port to be constructed at Bagamoyo.<\/p>\n
The report says that the impact on the global oil and gas industry will be significant even should a single country achieve its goals.<\/p>\n
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[twitter-follow screen_name=’oilnewskenya’] 3 East African countries Kenya, Mozambique and Tanzania are set to be the next attraction for the exploration and production companies following recent mineral finds and infrastructure projects. … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[121,160,215,357,454,709,809,920,944,994,1187,1259,1383,1387,1406,1428,1749,2129,2382,2603],"class_list":["post-608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-algeria","tag-angola","tag-bagamoyo","tag-britain","tag-china","tag-egypt","tag-ethiopia","tag-france","tag-gabon","tag-germany","tag-italy","tag-kenya-crude-oil-pipeline","tag-lamu-mozambique","tag-lapsset","tag-libya","tag-lng","tag-nigeria","tag-refinery","tag-south-sudan","tag-uganda","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/east_africa_kenya_uganda_tanzania_zambia_pipelines_map.jpg?fit=1033%2C763&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/s5JWkQ-608","jetpack-related-posts":[{"id":2798,"url":"https:\/\/www.oilnewskenya.com\/index.php\/4th-oil-gas-africa-intl-trade-exhibition-set-nairobi-fortnight\/","url_meta":{"origin":608,"position":0},"title":"4th Oil & Gas Africa – Int’l Trade Exhibition set for Nairobi in a fortnight","author":"","date":"April 13, 2015","format":false,"excerpt":"The\u00a04th Oil & Gas Africa \u00a0Intenational Trade Exhibition that hopes to attract leading oil, gas and petroleum companies from around the world will be held 27th to 29th April 2015. 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EAOGS was launched in 2012 as an official initiative of the Ministry of Energy & Petroleum and more than 300 companies from\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1524,"url":"https:\/\/www.oilnewskenya.com\/index.php\/african-oil-energy-sector-fuelling-global-investor-growth-dhl\/","url_meta":{"origin":608,"position":2},"title":"African oil & energy sector fuelling global investor growth – DHL","author":"Samuel Kamau Mbote","date":"July 30, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] While Oil and Gas activity in West Africa is nothing new, it is the activity in East Africa which is creating a stir amongst exploration companies and of course, their suppliers. This is according to Steve Harley, President, DHL Energy Sector who says that while Angola and Nigeria\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/ophir-and-bg-group-extend-deepsea-metro-i-contract-in-tanzania-and-kenya.jpg?fit=729%2C510&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/ophir-and-bg-group-extend-deepsea-metro-i-contract-in-tanzania-and-kenya.jpg?fit=729%2C510&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/ophir-and-bg-group-extend-deepsea-metro-i-contract-in-tanzania-and-kenya.jpg?fit=729%2C510&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/ophir-and-bg-group-extend-deepsea-metro-i-contract-in-tanzania-and-kenya.jpg?fit=729%2C510&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1899,"url":"https:\/\/www.oilnewskenya.com\/index.php\/3rd-east-africa-oil-gas-summit-exhibition-set-to-kick-off-in-nairobi-next-week\/","url_meta":{"origin":608,"position":3},"title":"3rd East Africa Oil & Gas Summit & Exhibition set to kick off in Nairobi next week","author":"Samuel Kamau Mbote","date":"October 10, 2014","format":false,"excerpt":"The 3rd East Africa Oil & Gas Summit & Exhibition to be held next week is set to welcome 3000 international delegates, exhibitors and trade visitors to Nairobi this October for the annual strategic conference and international exhibition. 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