“We hope that later this year, the first export of LNG produced in the country will happen,” said Max Tonela in Washington (USA), at the end of the annual meetings of the World Bank and the International Monetary Fund (IMF).
According to the platform “Carta de Moçambique”, the information comes a week after the draft law that creates the Sovereign Fund of Mozambique, the institution that will be responsible for managing the revenues from natural gas exploration in the Rovuma basin in Cabo Delgado province, was concluded.
The document, composed of 38 articles, points out that the revenues of the Sovereign Fund will come, first, from the production of liquefied natural gas from Areas 1 and 4, offshore in the Rovuma Basin and future projects of development and production of oil and natural gas; and, second, from the return on investments of the revenues of the institution.
The first deposit could be made using the revenues from the production of the South Coral FLNG. In general, the Government expects, for this year, to receive 34 million USD in revenues from that project.
