Gas and Petroleum Law Mozambique – Market Briefing (Johannesburg) 2014

LNG market development in Mozambique is still in a highly speculative state as the Government of Mozambique grapples with national development scenarios, including updating archaic policy and fiscal laws. The Petroleum Law and petroleum fiscal terms are thus undergoing review and will, together with other factors, establish the concepts for a Facilities Concession Contract for LNG projects

In 2012, Mozambique published a revised draft of a petroleum law intended to replace the Petroleum Law 2001. This new law was approved by the government in April 2013 and was submitted to the Council of Ministers for ratification. Instituto Nacional de Petroleo (INP) had, until recently, indicated that the new petroleum law would be passed by year-end 2013. Recent indications are that the new petroleum law will now receive parliamentary approval in November 2014. The new petroleum law will come into effect 30 days after its publication in the Government Gazette: the “Boletim da Republica.”

Whats on the agenda
- Strategic insight into the New Mozambican Gas and Petroleum Law, Fiscal Law and Subsidiary Laws post enactment November 2014
- The framework for the development of an LNG industry in Mozambique
- Creating future domestic market obligations under the new laws
- Unveiling the new subsidiary laws to follow within 180 days of the New Petroleum Law
- Unravelling the provisions for new facilities
- Exclusive Update - Model Exploration and Production Concession Contract (EPCC)
- Identifying the new Government applications in the transfer of all petroleum rights
- Making adjustment in the preferential procurement of local goods and services
- Identifying key adjustments for local registration requirements