The governments of Mozambique and Tanzania are developing laws and regulations so those nations can tap into revenues from potential natural gas export projects, a partner with Akin Gump Strauss Hauer & Field LLP said during a midyear energy briefing on June 4.
Marc C. Hammerson of the Akin Gump London oil and gas practice said East African governments are working on licensing oil and gas rights.
Mozambique has discussed a new petroleum law since 2009, Hammerson said, adding an updated law is yet to be approved although he believes it could happen this year or next year. The East Africa nation's current petroleum law was enacted in 2001.
Hammerson said an updated petroleum law likely ...