africa Economy Gas Government Mozambique Natural Resources oil Tanzania

Tanzania, Mozambique to exchange views on new oil, gas discoveries

Tanzanian and Mozambican leaders on Thursday agreed to exchange experiences on the two neighboring countries’ recent discoveries of gas and oil.

The agreement was reached during talks between Tanzanian President John Magufuli and Mozambican President Filipe Nyusi in Tanzania’s Dodoma.

A statement by the Directorate of Presidential Communication said since the gas and oil discoveries were new the two countries agreed to exchange experiences.

The Mozambican president paid a one-day official visit to Tanzania, it said, without giving details of the talks.

Tanzania’s natural gas reserves currently stand at about 55 trillion cubic feet. Tanzania also plans to set up a liquefied natural gas processing plant in the East African nation’s southern region of Lindi.

According to the statement, the two leaders also discussed security and enhancing infrastructure between the two neighboring countries that are members of the Southern African Development Community (SADC).

The statement added that the two leaders agreed that a joint commission of the two countries should meet soon to review and strengthen areas of cooperation.

During the talks Nyusi said Mozambican authorities will soon allow Tanzania’s airline, Air Tanzania Company Limited (ATCL), to fly directly to Mozambique, said the statement.

Source: News Ghana

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