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Opportunities and Challenges for the Extraction of Natural Gas in Tanzania: The Imperative of Adequate Preparedness

African Journal of Economic Review

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Title Opportunities and Challenges for the Extraction of Natural Gas in Tanzania: The Imperative of Adequate Preparedness
 
Creator Moshi, HPB
 
Subject extraction of natural gas, challenges, opportunities, Tanzania
 
Description This paper identifies areas which need adequate preparation in order to ensure that the extraction of natural gas becomes the main driver for inclusive and sustainable growth and development in Tanzania, including reduction in donor dependence. The preparedness package includes ensuring that: fiscal regime to capture rent is in place, requisite human resources are made available and developed, savings are invested in the domestic economy, ownership is on joint-venture basis to encourage high retention rates in the domestic economy, up-stream unfolding of industries is encouraged (value-addition), contract negotiation capacities are strengthened, the negotiation processes are transparent and consultative, local community benefit effectively from the resource, the investment in other non-gas sectors (e.g. agriculture and manufacturing) is scaledup, and politicians rise above their party interests so that they contribute  positively towards the development of the natural gas sector and policy making process.Keywords: extraction of natural gas, challenges, opportunities, Tanzania
 
Publisher Centre for Economics and Community Economic Development
 
Contributor —
 
Date 2015-04-28
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.ajol.info/index.php/ajer/article/view/116288
 
Source African Journal of Economic Review; Vol 2, No 1 (2014); 25-37
1821-8148
 
Language eng
 
Relation https://www.ajol.info/index.php/ajer/article/view/116288/151739
 
Rights The copyright belongs to: African Journal of Economic Review, Centre for Economics and Community Economic Development, The Open University of Tanzania, P.O.Box 23409, Dar es salaam, Tanzania