Commodities
Orca Warns Tanzania's Songo Songo Gas Field May Shut Down in October
Orca Energy Group has warned that its subsidiary may cease operating Tanzania's Songo Songo gas field when its licence expires on October 10, 2026. The field supplies natural gas to power plants and industries in Tanzania.
The company announced a sale agreement in April 2026, under which the buyers would acquire PAET through its Mauritian parent company, PAE PanAfrican Energy Corporation (PAEM). Taifa Gas would acquire 49% of PAEM and Amber Energy Investment would acquire 51%.
The licence expiry date is October 10, 2026, and the sale agreement has yet to be completed. Orca's board attributed its decision to uncertainty over licence renewal, future financial commitments, contingent tax liabilities, and litigation costs.