Reuters: Tanzania Parliament to Debate New Gas Law This Month - Officials

Tanzania plans to debate a new bill in parliament this month to guide the development of the country's nascent gas industry, officials said on Monday, adding it could be passed this month.

East Africa has become one of the world's most sought-after oil and gas regions following a string of vast discoveries off its southern coast that have attracted foreign companies seeking new sources to supply energy-hungry Asian markets.

The country has already published three separate policies on natural gas but is yet to pass long-delayed legislation to govern its hydrocarbons industry. The new law could be seen by investors as a sign of political progress on a tricky issue.

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