Owner Tanzanian Government | AUM TBD | |
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Native name Mfuko wa Mapato ya Gesi Asilia Founded October 2014 or February 2015 Headquarters | ||
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. 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. However, according to PFC Energy, 25 to 30 trillion cubic feet of recoverable natural gas resources have been discovered in Tanzania since 2010.
References
Natural Gas Revenue Fund Wikipedia(Text) CC BY-SA