Tanzania is set to launch its fourth licensing round on 25th of October, where it would be offering deep-water acreage. Initially, it was said that a precondition for the auction to take place was putting a new gas policy in place. However, the auction would go ahead even though the gas policy is not yet in place.
Interested parties will be invited to bid for eight blocks, seven offshore and one in the north of Lake Tanganyika. The prospect has triggered some excitement in industry circles, not least because the auction has been much delayed, but also because the offshore blocks lie adjacent to big gas discoveries made by BG Group and Statoil, which plan a liquefaction facility to market the gas.
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