UK gas producer posts record earnings buoyed by Mnazi Bay plant in Tanzania

Tanesco.

Tanesco sub-station in Dar es Salaam. Currently, Tanesco's electricity connection fee rates range from $400-$500. PHOTO | FILE

What you need to know:

  • According to Wentworth’s interim results report for 2021, the company’s revenues for the first half of the year up to June 30 went up by 40 percent to a best-ever $11.7 million due to record levels of production at the Mnazi Bay gas field in Ruvuma region.
  • Wentworth cited economic growth, continued demand in Tanzania’s industrial sector and a drop in hydroelectric generation caused by unusually low levels of rain as factors spurring the high level of gas consumption in the country.