Natural Gas Revenue Fund
 | |
Native name | Mfuko wa Mapato ya Gesi Asilia |
|---|---|
| Sovereign wealth fund | |
| Founded | October 2014 or February 2015 |
| Headquarters | Dar es Salaam, Tanzania |
| AUM | TBD |
| Owner | Tanzanian Government |
Songo Songo Gas Plant
The Natural Gas Revenue Fund (NGRF) is the proposed sovereign wealth fund of Tanzania expected to be launched in October 2014 or February 2015 after the enactment of a bill by the National Assembly.[1][2] It will manage the revenue accrued from the sale of its natural gas. As of April 2014, Tanzania has a recoverable gas reserve of 43.1 tcf. The fund will be managed by the Bank of Tanzania.[3] However, according to PFC Energy, 25 to 30 trillion cubic feet of recoverable natural gas resources have been discovered in Tanzania since 2010.[4]
See also
References
- ↑ Agbroko, Ruona (2 August 2012). "Tanzania: time for a SWF". Financial Times. Retrieved 2014-04-21.
- ↑ Mwakyusa, Alvar (2014-04-21). "Sovereign Wealth Fund comes in October". Daily News (Tanzania). Retrieved 2014-04-21.
- ↑ Kasumuni, Ludger (2013-11-26). "BoT to manage natural gas revenue: govt". The Citizen (Tanzania). Retrieved 2014-04-21.
- ↑ Tanzania, Analysis Briefs, Energy Information Administration, United States Department of Energy, April 2014, accessed 23 October 2014
External links
- THE NATIONAL NATURAL GAS POLICY OF TANZANIA - 2013
- Editorial: Sovereign Wealth Fund a well thought idea
This article is issued from Wikipedia - version of the 12/12/2014. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.