Arab Finance: Tanzania Petroleum Development Corporation (TPDC), TAQA Arabia, through its subsidiary Rosetta Energy Solutions, and Africa50 have signed a gas sales agreement (GSA) for the East Africa LNG (EALNG) project, according to an emailed press release.
The deal aims to develop Tanzania’s first small-scale liquefied natural gas (LNG) facility, with commercial operations targeted to commence in 2027.
Through EALNG, the companies plan to finance, develop, and operate the facility to supply Tanzania’s domestic market, serving industrial, residential, and transportation customers, including consumers located beyond the reach of the country’s existing gas pipeline network.
Under the agreement, TPDC will serve as both the project’s natural gas supplier and an equity partner.
The joint venture (JV) will liquefy domestic natural gas for distribution by specialized vehicles, expanding access to locally produced gas while supporting the replacement of more expensive and carbon-intensive fuels.
Meanwhile, the partners will advance the technical, commercial, environmental, regulatory, and financing work required to reach a Final Investment Decision (FID) and begin construction.
Karim Shaaban, Managing Director of Rosetta Energy Solutions, commented: “This GSA is an important step towards FID and a key milestone in our scalable LNG growth strategy in Tanzania. We intend to grow capacity as we enable and develop the market, reflecting TAQA Arabia’s long-term commitment to Tanzania and its energy future.”
Nabil Saimi, Senior Investment Director, Africa50, noted: “Africa has significant gas resources, but unlocking their economic value requires the infrastructure to connect those resources to where energy is needed most.”
He elaborated: “Through our new dedicated midstream gas platform, Africa50 intends to help build that missing link across the continent. This project in Tanzania is an important first step, expanding the productive use of domestic gas while laying the foundation for larger investments that can support industrial growth and economic development.”
EGX-listed TAQA Arabia recently disclosed its consolidated financial results for the first half (H1) of 2026, recording 65% year-on-year (YoY) higher net profits at EGP 577.927 million, versus EGP 350 million.
