Tanzanian-owned Lake Gas has snapped up two percent of the local market for handling imported cooking gas, taking a piece of a business that has been dominated for decades by African Gas and Oil (AGOL).
Industry data from the Energy and Petroleum Regulatory Authority (Epra) revealed the market share of the Tanzanian oil marketer, adding that AGOL and the Shimanzi Oil Terminal (SOT) dominate with a combined share of 94.56 per cent. AGOL’s facility has a capacity of 25,000 tonnes, while SOT connects to five storage facilities with a combined capacity of 2,335 tonnes.