Tanzania, April 15 -- Dar es Salaam. Tanzania's natural gas sector is set for increased local participation following Orca Energy Group Inc's decision to exit its Tanzanian operations through the sale of its stake in the Songo Songo gas project.

Orca has signed a definitive share purchase agreement to divest all shares in PanAfrican Energy Corporation (PAEM), its wholly owned Mauritian subsidiary, to Taifa Gas Tanzania Limited and Amber Energy Investment L.L.C.-FZ.

Under the agreement, Taifa Gas will acquire a 49 per cent stake, while Amber Energy Investment will take a controlling 51 per cent share.

The transaction marks a change in ownership of one of the country's key gas assets, which has played a central role in domestic gas suppl...