Wentworth plans gas expansion in East Africa
6 April 2016
Gas fields and infrastructure in Tanzania and Mozambique.
The commitment of Wentworth Resources to developing gas finds for the East African market may have looked short-sighted in a world where oil cost $100 per barrel and its competitors were hunting for the big oil discoveries to flip.
However, now the oil price has crashed and Tanzania’s Mnazi Bay field is onstream, Wentworth’s patient bargaining with the government for its $3/MMBtu gas sales agreement is paying off.
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