{UAH} Dodsal Group Discovers Gas Reserves Worth $8 Billion in Tanzania - WSJ

DUBAI—Dubai-based Dodsal Group said on Monday that it has discovered gas reserves worth an estimated $8 billion in Tanzania, which could help lift the eastern African nation's economy.

The family-owned conglomerate said it struck 2.7 trillion cubic feet of natural gas deposits at a field in the Ruvu Basin which is located about 50 kilometers west of the country's largest city, Dar es Salaam. It began exploring the site in 2009, two years after obtaining the concession rights there.

"It's a game changer, this will change the economy of the country," said Rajen Kilachand, chairman and president of the Dodsal Group. The onshore gas discovery will boost the Eastern African country's reserves to more than 57 trillion cubic feet, Mr. Kilachand said. Most of Tanzania's earlier-discovered gas reserves are located off its coast.

http://www.wsj.com/articles/dodsal-group-discovers-gas-reserves-worth-8-billion-in-tanzania-1459171005

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