Natural Gas Revenue Fund

Last updated
Natural Gas Revenue Fund
Native name
Mfuko wa Mapato ya Gesi Asilia
Company type Sovereign wealth fund
Founded2015
Headquarters
Dar es Salaam
,
Tanzania
AUM TBD
Owner Tanzanian Government
Songo Songo Gas Plant Songo Songo Gas Plant.jpg
Songo Songo Gas Plant

The Natural Gas Revenue Fund (NGRF) is the sovereign wealth fund of Tanzania launched in 2015 after the enactment of a bill by the National Assembly. [1] [2] It manages 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 is 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]

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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) . Archived from the original on 2016-03-04. 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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