According to Max Tonela, Minister of Economy and Finance, since the beginning of the gas exports from the Coral Sul FLNG project in November 2022, Mozambique has received about USD 40 million. However, according to the Government, its use is conditional on the approval of the Bill creating the Mozambique Sovereign Fund (FSM). The Government says that the revenues generated so far are kept by the Tax Authority (TA) in a secure account. However, this situation raises some concerns: i) it is not clear in which bank the revenues are deposited; ii) what is the interest income for this deposit; iii) what is the rationale for keeping revenues in a context where the country faces cash liquidity problems; iv) what is the value of the 17 shipments of LNG and 4 of condensate ; and v) what are the categories of taxes and their respective amounts collected so far.
