• Contact Us
  • About Us
Sunday, July 27, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Tanzania,Dangote Cement haggle over price of natural gas

metro by metro
December 7, 2016
in Economy
0
0
SHARES
0
VIEWS
Dangote Cement
Dangote Cement

Tanzania is in talks with Dangote Cement on the supply of natural gas to a manufacturing plant for the building material, but negotiations are currently held up over prices, said a government body in the East African country.

The $500 million cement factory in the southeastern Tanzanian town of Mtwara, set up last year with an annual capacity of 3 million tonnes, runs on expensive diesel generators and has sought government support to reduce costs.

Read Also

CBN Survey Shows High Interest Rates Beat Insecurity, Power Among Hindrances To Business Expansion, Profitability 

FTS: Disquiet In Banking, Manufacturing Sectors Over Recapitalisation, Interest Rates

Against Expectations, CBN Holds Interest Rate At 27.5% For Seventh Straight Time 

  The company, whose majority owner and chairman is Africa’s richest man, Aliko Dangote, halted production at the plant last week over technical issues.

State-run Tanzania Petroleum Development Corporation (TPDC) said talks were expected to conclude in January, with price disagreements yet to be resolved.

“Dangote has held protracted talks with TPDC on the pricing of natural gas. The Dangote Cement factory has asked for gas supply at below market prices, equivalent to the price of raw natural gas from producing wells,” TPDC said in a statement.

“TPDC cannot sell natural gas (to final consumers) on at-the-well price because there are additional costs incurred in processing and transporting the gas,” it said.

Tanzania announced in February it had discovered an additional 2.17 trillion cubic feet (tcf) of possible natural gas deposits in an onshore field, raising its total estimated recoverable natural gas reserves to more than 57 tcf.

Dangote, Africa’s biggest cement producer, has an annual production capacity of 43.6 million tonnes and targets output of between 74 million and 77 million tonnes by the end of 2019 and 100 million tonnes of capacity by 2020.

The company plans to roll out plants across Africa. In Tanzania, Dangote seeks to double the country’s annual output of cement to 6 million tonnes.

 

Tags: Dangote Cement
Previous Post

Buhari to submit 2017 budget to lawmakers on Dec.14

Next Post

MTN brings more new blood into management

Related Posts

Uneasy Calm In Banking Industry Over FG Special Investigator’s Report
Economy

CBN Survey Shows High Interest Rates Beat Insecurity, Power Among Hindrances To Business Expansion, Profitability 

July 24, 2025
FTS: Disquiet In Banking, Manufacturing Sectors Over Recapitalisation, Interest Rates
Economy

FTS: Disquiet In Banking, Manufacturing Sectors Over Recapitalisation, Interest Rates

July 24, 2025
CBN
Economy

Against Expectations, CBN Holds Interest Rate At 27.5% For Seventh Straight Time 

July 22, 2025
FG To Start Paying Debt Service As Nigerian Economy Grows By 2.99% In Q1 2024-Edun
Economy

Nigeria Lags Behind, Remains Fourth Largest Economy Despite Rebasing

July 22, 2025
Next Post

MTN brings more new blood into management

China Releases AI Action Plan Days After U.S. As Global Tech Race Heats Up

China Releases AI Action Plan Days After U.S. As Global Tech Race Heats Up

July 26, 2025
Sad As Cameroon’s Biya, 92, Announces Bid For Eighth Presidential Term 

Cameroon Election Board Bars Kamto, Key Contender to Paul Biya

July 26, 2025
COVID-19 Special Envoy David Nabarro Dies At 75

COVID-19 Special Envoy David Nabarro Dies At 75

July 26, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version