Puma Energy Tanzania eyes LNG and LPG expansion

Joint venture with the government to revamp business strategy, with new growth plan set for rollout in January 2026.

Puma Energy Tanzania has announced plans to review its strategic business plan in alignment with its shareholders' agreement, as it eyes new growth avenues in the country's evolving energy landscape.

The announcement was made during a high-level courtesy visit to the Office of the Treasury Registrar by Puma Energy’s global leadership team, according to The Citizen. The team was led by CEO Mark Russel, accompanied by Head of Africa Ben Quattara and Puma Energy Tanzania Managing Director Fatma Abdallah.

During the meeting, Treasury Registrar Nehemiah Mchechu stressed the need for proactive strategic realignment to maintain performance momentum and deliver greater shareholder value. The implementation of the revised plan is expected to begin in January 2026.

Puma Energy Tanzania operates as a 50:50 joint venture between the Government of Tanzania and Puma Investments Limited. Mr Mchechu reiterated the government's strong support for the partnership, describing the company as a strategic national asset that ensures the state’s presence in the critical energy distribution sector.

“Our investment in Puma ensures the government’s presence in the energy sector and within the distribution network. Tanzania is a highly promising country with vast opportunities — including those in LNG and LPG projects. Together with the government, we will work to identify and unlock these opportunities,” Mchechu said. 

The renewed strategic focus is expected to position Puma Energy Tanzania at the forefront of emerging energy markets, supporting both national development objectives and the company’s long-term growth in the region.