Government approves Rovuma Basin LNG maritime terminal concession

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Government approves Rovuma Basin LNG maritime terminal concession

11:46 CAT | 21 Jun 2017

Notícias

The Council of Ministers yesterday approved decrees authorizing the terms and conditions of the agreement that grants to the multinationals Anadarko and Eni the Maritime Liquefied Natural Gas Terminal and the installation of Material Discharge in Areas 1 and 4 of the Rovuma Basin, district of Palma, province of Cabo Delgado.

Under the LNG Maritime Terminal contract, to be signed by the Government and Mozambique LNG Maritime Terminal Company, SA, the concessionaire will design, construct, install, hold, finance, operate, manage, use and maintain the infrastructure. The same responsibility is attributed to the concessionaire which will install the discharge of materials whose contract will be signed between the Mozambican executive and the Mozambican Society MOF, S.A.

According to Council of Ministers spokesperson Ana Comoana, the measure will facilitate the transportation of liquefied natural gas in accordance with oil industry best practice.

“The two instruments are complementary and aim to operationalise a decree-law that was approved in 2014. What is happening here is a clarification of procedures,” she explained.

Comoana said that the offshore infrastructure would be shared with Anadarko, which operates Area 1 of the Rovuma basin, and Italy’s Eni, which explores Area 4, and will be available to other operators that may emerge in the future. This, according to Comoana, will allow the rational use of space as well as ensuring environmental sustainability.

The government yesterday also approved a decree regulating the export of processed wood, in the hope that this will promote the rational and sustainable use of forestry resources, stimulate the emergence of new local wood processing industries and also help generate more jobs and more income for the state.

“In this case, the exportation of timber in logs is expressly forbidden. The instrument will allow native log wood to be processed in the country,” she said, adding that this would stimulate the emergence of a domestic wood processing industry, thus avoiding wood being exported, only for Mozambique afterwards to re-import it as finished products.

The cabinet meeting also approved resolutions ratifying the General Agreement on Economic, Cultural and Technical Cooperation and the General Agreement for the Establishment of the Joint Commission for Cooperation between Mozambique and Equatorial Guinea.

Source: Notícias / AIM Moçambique