Natural Gas Revenue Fund

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]

Natural Gas Revenue Fund
Native name
Mfuko wa Mapato ya Gesi Asilia
Sovereign wealth fund
FoundedOctober 2014 or February 2015
Headquarters,
AUMTBD
OwnerTanzanian Government
Songo Songo Gas Plant

See also

References

  1. Agbroko, Ruona (2 August 2012). "Tanzania: time for a SWF". Financial Times. Retrieved 2014-04-21.
  2. Mwakyusa, Alvar (2014-04-21). "Sovereign Wealth Fund comes in October". Daily News (Tanzania). Archived from the original on 2014-04-22. Retrieved 2014-04-21.
  3. Kasumuni, Ludger (2013-11-26). "BoT to manage natural gas revenue: govt". The Citizen (Tanzania). Retrieved 2014-04-21.
  4. Tanzania, Analysis Briefs, Energy Information Administration, United States Department of Energy, April 2014, accessed 23 October 2014
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