Mozambique: More Detailed Explanation of Gas Revenue Calculation

Rui Mate analysed only Coral Sul because it is the only Cabo Delgado gas project in operation and thus the only one with published data to check his projections for the first three years – and his projections agree with public data. Coral Norte, now under construction, will look very much like Coral Sul. Both are in deep water in Area 4.

The government has three sources of income – a 2% gas royalty on all gas production, corporate income tax on investor profits, and income from the state company…