Natural Gas Revenue Fund
 | |
Native name | Mfuko wa Mapato ya Gesi Asilia |
|---|---|
| Company type | Sovereign wealth fund |
| Founded | October 2014 or February 2015 |
| Headquarters | , |
| AUM | TBD |
| Owner | Tanzanian Government |
The Natural Gas Revenue Fund (NGRF) is the proposed sovereign wealth fund of Tanzania expected to be launched in October 2014 or February 2015 after the enactment of a bill by the National Assembly.[1][2] It will manage 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 will be 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]
See also
References
- ^ Agbroko, Ruona (2 August 2012). "Tanzania: time for a SWF". Financial Times. Retrieved 2014-04-21.
- ^ Mwakyusa, Alvar (2014-04-21). "Sovereign Wealth Fund comes in October". Daily News (Tanzania). Retrieved 2014-04-21.
- ^ Kasumuni, Ludger (2013-11-26). "BoT to manage natural gas revenue: govt". The Citizen (Tanzania). Retrieved 2014-04-21.
- ^ Tanzania, Analysis Briefs, Energy Information Administration, United States Department of Energy, April 2014, accessed 23 October 2014