Natural Gas Revenue Fund

The Natural Gas Revenue Fund (NGRF) is the sovereign wealth fund of Tanzania launched in 2015 after the enactment of a bill by the National Assembly. It manages the revenue accrued from the sale of its natural gas. As of April 2014, Tanzania has a recoverable gas reserve of 43.1 tcf. The fund is managed by the Bank of Tanzania. However, according to PFC Energy, 25 to 30 trillion cubic feet of recoverable natural gas resources have been discovered in Tanzania since 2010.