From Financialpost · · 1m 20s
Orca Energy Group Updates Songo Songo Licence and Operations
Orca Energy Group says Tanzania's gas deal faces delay after regulator blocks merger.
In brief
Orca Energy Group says Tanzania's gas deal faces delay after regulator blocks merger. Tanzania's Fair Competition Commission blocked Orca Energy Group's proposed gas deal with two firms, but the company plans to continue operations until November 29. Originally reported by Financialpost.
Proposed Licence Extension
Orca Energy Group provides update on Songo Songo Development Licence extension terms and operations.
FCC Blocks Merger
On October 5, 2026, Tanzania's Fair Competition Commission prohibited the merger application for Orca's proposed transaction with Taifa Gas Tanzania and Amber Energy Investment.
Licence Extension Terms
Tanzania's Minister of Energy proposed extending the Songo Songo Licence to PanAfrican Energy Tanzania and Tanzania Petroleum Development Corporation with 60-day response window.
PAET Rejects Terms
PanAfrican Energy Tanzania rejects proposed licence extension terms as uneconomic and unacceptable, reserving rights under ongoing arbitration.
Songo Songo Operations
PAET will continue gas operations until November 29, 2026, to ensure gas flow during transition to Tanzania Petroleum Development Corporation.
Transition Plan
PAET proposes transition working group with Tanzania Petroleum Development Corporation and Songas Limited to coordinate operational readiness by November 29, 2026.
Next Steps
Orca Energy Group will analyze FCC decision and provide updates on proposed transaction after November 29, 2026 deadline.
The headline
Tanzania's Fair Competition Commission blocked Orca Energy Group's proposed gas deal with two firms, but the company plans to continue operations until November 29.
