The discoveries of high quantities of hydrocarbons in the Rovuma Basin have led the Government to approve three large Liquefied Natural Gas (LNG) production projects, namely: 1) Coral Sul FLNG; 2) Golfinho/Atum and; 3) Rovuma LNG. These projects, among various benefits, are expected to contribute around US$96 billion to the State’s revenue over their lifetime.
Out the projects listed above, only the Coral Sul FLNG project, whose contract was signed in December 2006, has started the process of gas production and commercialisation. However, the tax contribution of this project may be compromised due to the Government’s disadvantageous contract negotiations with the project concessionaire, Eni.
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