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The Warsaw Voice » Business » April 26, 2012
Business & Economy
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Tanzanian Gas for Kulczyk
April 26, 2012   
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Ophir Energy, a company in which Kulczyk Investments (owned by Poland’s richest man, Jan Kulczyk) holds more than 10 percent of shares, has discovered new natural gas deposits in Tanzania, estimated at 100 billion cubic meters. Thanks to the construction of an LNG terminal, the natural gas can start being exported over the next few years.

An agreement on the terminal’s construction has been signed between the Tanzanian government and Ophir Energy and cooperating company British Gas, a world leader in liquefied gas production. Thanks to the two companies working together, exports could begin within the next few years.

“There is serious pressure in the region to get the LNG terminal built within the next few years,” Dariusz Mioduski, president of Kulczyk Investments, told the Newseria Information Agency. “The discovered deposits have a chance of being mined and the natural gas exported, chiefly to eastern markets such as India, China and Japan.”

The discovery is one of the biggest finds in Africa in recent years.

“The deposit found by Ophir is about 100 billion cubic meters of natural gas,” Mioduski said. “That’s important from the company’s point of view as it doubles existing reserves, meaning that today the company has resources equaling 200 billion cubic meters of gas, so we’re speaking of reserves that will last several dozen years.”

The deposits in all of Tanzania are estimated at about 850 billion cubic meters, which is almost as much as the potential of conventional and unconventional gas in Poland.

Mioduski said Ophir plans more drilling in both Tanzania and other countries in East and West Africa.
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