{"id":12871,"date":"2012-07-28T01:40:07","date_gmt":"2012-07-27T23:40:07","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/update-2-gas-rich-tanzania-plans-to-raise-royalties\/"},"modified":"2012-07-28T01:40:07","modified_gmt":"2012-07-27T23:40:07","slug":"update-2-gas-rich-tanzania-plans-to-raise-royalties","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-gas-rich-tanzania-plans-to-raise-royalties\/","title":{"rendered":"UPDATE 2-Gas-rich Tanzania plans to raise royalties"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Gas-rich Tanzania plans royalty hike, signature bonus<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* E.African country becoming energy hub<\/p>\n<p><span><\/span><\/p>\n<p>* To introduce new legislation by next year<\/p>\n<p><span><\/span><\/p>\n<p>By Fumbuka Ng&#8217;wanakilala<\/p>\n<p><span><\/span><\/p>\n<p>DODOMA, Tanzania, July 27 (Reuters) &#8211; Tanzania plans to<br \/>\nraise royalties on gas and demand signature bonuses for energy<br \/>\ncontracts as the east African nation tries to secure bigger<br \/>\nbenefits from major offshore discoveries.<\/p>\n<p><span><\/span><\/p>\n<p>Tanzania recently tripled its estimated gas reserves and is<br \/>\nfast becoming a regional energy hub after finds by Norwegian oil<br \/>\ncompany Statoil, U.S. group ExxonMobil and<br \/>\nBritain&#8217;s BG Group and its partner Ophir Energy.<\/p>\n<p><span><\/span><\/p>\n<p>Energy and Minerals Minister Sospeter Muhongo said royalties<br \/>\non gas production would rise from 12.5 percent to an unspecified<br \/>\nlevel and the new signing fee would be introduced under a new<br \/>\ngas policy, masterplan and law now being drafted.<\/p>\n<p><span><\/span><\/p>\n<p>In a presentation to parliament, he said it would take<br \/>\neffect in 2012\/13.<\/p>\n<p><span><\/span><\/p>\n<p>Tanzania is one of the world&#8217;s poorest countries. Like its<br \/>\neast African neighbours, it is now positioning itself for a gas<br \/>\nbonanza.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Gas-rich Tanzania plans royalty hike, signature bonus * E.African country becoming energy hub * To introduce new legislation by next year By Fumbuka Ng&#8217;wanakilala DODOMA, Tanzania, July 27 (Reuters) &#8211; Tanzania plans to raise royalties on gas and demand signature bonuses for energy contracts as the east African nation tries to secure bigger benefits [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12871","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12871"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12871\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}