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Thursday, June 1, 2017
Mozambique has published the decrees that set measures to allow for the country’s foreign partners to begin work on LNG projects. Decrees Nos. 74/2016 to 78/2016, all dated December 30, 2016, were approved by the Mozambique’s Council of Ministers.
The set of measures enables LNG undertakings from Areas 1 and 4 offshore Mozambique in the Rovuma Basin. The items approved include the supplementary terms to the Petroleum Exploration and Production Concession Contract for Area 4 and the amendments to the Petroleum Exploration and Production Concession Contract for Area 1.
It also sets out the terms and conditions of the government’s LNG Agreement for Area 1 Initial LNG Project; also in connection with Area 1 Initial LNG Project, the government’s option not to take in kind the LNG corresponding to Petroleum Production Tax; and the terms and conditions for joint sale of LNG from Area 1 Initial LNG Project.
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