Changes to LNG contracts with Anadarko and Eni approved in Mozambique
Maputo — Mozambique’s cabinet has approved changes to liquefied natural gas (LNG) contracts with US oil major Anadarko and Italy’s Eni, to allow the two companies to sell the government’s share of gas from projects in the Rovuma Basin. "The government opted to relinquish its right to receive in kind its quota of available gas as well as the gas production tax. The aim is to turn the projects viable," government spokesperson Ana Coana said late on Tuesday, after the amendments were approved by the cabinet. "The concessionaires commit themselves to a joint sale of LNG in order to offer huge volumes and get better prices at the market."
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