A proposed natural gas pipeline from Tanzania to Uganda may have a positive environmental impact, says a Standard Bank executive. | News24_Business
A proposed natural gas pipeline running from Tanzania to Uganda may have a positive environmental impact in a region where the majority of households still cook using charcoal or wood, according to Patrick Mweheire, Standard Bank Group's regional chief executive officer for East Africa.
The line, if built, would run parallel to the $4 billion East African Crude Oil Pipeline currently under construction. The EACOP, being developed by a group including TotalEnergies SE, will transport crude from Uganda's oil fields to Tanzania's coastline. Standard Bank is acting as a financial advisor on the project but has not yet said if it would actually finance it. The project is so contentious that public relations firm Edelmanon it, News24 Business previously reported. According to people familiar with the matter - this triggered a parting of ways between Edelman and Standard Bank, but neither has confirmed this.
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