EWURA’s 109-permit wave, CNG expansion, and major industrial projects point to a multi-year growth engine for Ntorya gas.
Tanzania’s downstream energy build-out is gathering serious momentum. The Energy and Water Utilities Regulatory Authority’s (EWURA) latest Batch 244 public notice lists 109 mid- and downstream petroleum permit applications, covering:
-
Kibali cha Ujenzi wa Kituo cha Mafuta – construction permits for fuel stations
-
Leseni ya Kituo cha Mafuta – licences to operate fuel stations
-
Leseni ya Usambazaji wa Gesi ya Kupikia – explicit LPG distribution licences
-
Other infrastructure-related activities
While the notice does not explicitly label these stations as CNG, the timing, policy direction, and presence of known energy brands such as Puma Energy suggest that many could be CNG-capable — aligning with the government’s goal for a majority-CNG vehicle fleet by 2050.
This is in addition to seven CNG stations already under construction, mobile CNG units being rolled out, Rashal Energies’ plan for 30 CNG stations, and Gazprom’s reported market entry. The transport fuel mix is evolving fast — and CNG infrastructure can be built in months, not years.
Why This Matters for Gas Demand
Even at a conservative average of 2 MMscf/d per site, if a significant share of these 109 permitted stations are CNG-capable, they could add well over 150 MMscf/d of demand once operational. This is highly modular demand that can scale quickly, complementing larger, longer-lead projects.
CNG is only one part of the demand stack. Other confirmed and emerging gas consumers include:
-
Aspin Energy / Escom Power Plant (Malawi) – 142 MW natural gas-fired plant using Tanzanian gas from March 2026 (~30 MMscf/d)
-
Rocky Mountain GTL Plant – $420M gas-to-liquids facility producing diesel and jet fuel (~25–30 MMscf/d)
-
ESSA Fertilizer Plant – Targeting 70 MMscf/d by 2027–2029, potentially supplementing Mnazi Bay supply
-
Mtwara LNG Project – $4.5B state-backed export and regional distribution hub, starting at 400 MMscf/d and scaling to 1,200 MMscf/d, with Ntorya named as primary supplier
Taken together, these represent layered, long-term, and scalable demand — reducing offtake risk for upstream producers and creating multiple market channels.
Aminex’s Strategic Position
For Aminex and its carried 25% interest in the Ntorya field, the convergence of infrastructure rollout and industrial demand is transformational:
-
Fully carried to ~$40M net, removing capital burden in development
-
Favourable PSA terms compared to industry norms, increasing effective revenue share
-
Pipeline to Madimba under construction, de-risking first gas timelines
-
Direct link to high-value offtake via Mtwara LNG and industrial markets
With scalable production — and the ability to grow beyond 280 MMscf/d — Aminex sits at the heart of Tanzania’s domestic energy transition and export growth ambitions.
Investor View: More Than Just “Potential”
The EWURA permit wave is not an aspirational policy statement — it is a regulatory step that clears the way for real companies spending real capital on fuel and gas infrastructure. Add in signed EPC contracts, pipeline works, and the state-backed LNG plan naming Ntorya as a primary supplier, and you have tangible progress.
Near-term catalysts include:
-
Physical confirmation of pipeline ground-breaking
-
PURA approval to accelerate the Chikumbi-1 rig tender
-
Additional industrial offtake agreements
With the current share price still below 2p, these could drive sharp re-ratings.
Bottom line:
Tanzania’s downstream build-out, rising industrial gas prices, and LNG export positioning create a market capable of absorbing — and paying premium rates for — every molecule Ntorya can produce. For Aminex, the building blocks for a multi-year growth story are already falling into place.
