Taifa Gas buys into Songo Songo field as Orca exits

Taifa Gas has signed an agreement to acquire a 49 percent stake in PanAfrican Energy, one of Tanzania's largest gas producers. This move follows the exit of Orca Exploration, which has operated the Songo Songo gas field since 2001. Rostam Azizi, chairman of the Taifa Group, stated that this transaction is a pivotal moment for Tanzania's energy sector, enhancing industrial capacity and keeping profits within the country.