Tanzania: Countdown to new pipeline

Canada’s Wentworth Resources has secured a $26m debt facility, contingent on a sales agreement for its Mnazi Bay gas, which the company says is close to completion. In its Q2 2014 results, Wentworth said it continued to make progress with its partners and the Tanzanian Attorney General’s office to finalise the gas sales agreement, though it gave no date for completion. Wentworth said it would use the proceeds of the debt facility for additional field infrastructure and a planned development well in Mnazi Bay.