{"id":18402,"date":"2022-04-25T14:40:03","date_gmt":"2022-04-25T14:40:03","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-to-establish-sovereign-wealth-fund-as-it-plans-96bn-natural-gas-exports"},"modified":"2022-04-25T14:49:25","modified_gmt":"2022-04-25T14:49:25","slug":"mozambique-to-establish-sovereign-wealth-fund-as-it-plans-96bn-natural-gas-exports","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-to-establish-sovereign-wealth-fund-as-it-plans-96bn-natural-gas-exports","title":{"rendered":"Mozambique to establish sovereign wealth fund as it plans $96bn natural gas exports"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>As Mozambique prepares to export natural gas, eyeing $96 billion in revenue, it plans to set up a sovereign wealth fund toward the end of 2022.<\/p>\n

Authorities are finalizing the draft legislation that will govern the fund, Bloomberg reported, citing Finance Minister Max Tonela.<\/p>\n

The fund will become operational by October before liquified natural gas exports start flowing from an offshore project that Italian multinational oil and gas company Eni SpA is developing.<\/p>\n

According to the plan, 50 percent of the fund\u2019s revenues should be reinjected into the fund, while the remaining 50 percent will go to the government\u2019s budget during the first 20 years of LNG production.<\/p>\n

This approach will help ensure savings and fiscal stability should commodity prices fluctuate.<\/p>\n

French multinational integrated oil and gas company TotalEnergies will resume a $20 billion project toward the end of the year, which is expected to produce up to 13.1 million tons of LNG per year.<\/p>\n

In addition, ExxonMobil will also make a final decision for an even larger project in the near future.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. As Mozambique prepares to export natural gas, eyeing $96 billion in revenue, it plans to set up a sovereign wealth fund toward the end of 2022. Authorities are finalizing the draft legislation that will govern the fund, Bloomberg reported, citing Finance Minister Max Tonela. The fund will become operational by October before […]<\/p>\n","protected":false},"author":84,"featured_media":18401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-18402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique to establish sovereign wealth fund as it plans $96bn natural gas exports - Mozambique<\/title>\n<meta name=\"description\" content=\"As Mozambique prepares to export natural gas, eyeing $96 billion in revenue, it plans to set up a sovereign wealth fund ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-to-establish-sovereign-wealth-fund-as-it-plans-96bn-natural-gas-exports\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique to establish sovereign wealth fund as it plans $96bn natural gas exports\" \/>\n<meta property=\"og:description\" content=\"As Mozambique prepares to export natural gas, eyeing $96 billion in revenue, it plans to set up a sovereign wealth fund ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-to-establish-sovereign-wealth-fund-as-it-plans-96bn-natural-gas-exports\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-25T14:40:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-25T14:49:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-6266b4dbb94ac.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"678\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-to-establish-sovereign-wealth-fund-as-it-plans-96bn-natural-gas-exports#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-to-establish-sovereign-wealth-fund-as-it-plans-96bn-natural-gas-exports\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique to establish sovereign wealth fund as it plans $96bn natural gas exports\",\"datePublished\":\"2022-04-25T14:40:03+00:00\",\"dateModified\":\"2022-04-25T14:49:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-to-establish-sovereign-wealth-fund-as-it-plans-96bn-natural-gas-exports\"},\"wordCount\":193,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-to-establish-sovereign-wealth-fund-as-it-plans-96bn-natural-gas-exports#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-6266b4dbb94ac.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-to-establish-sovereign-wealth-fund-as-it-plans-96bn-natural-gas-exports#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-to-establish-sovereign-wealth-fund-as-it-plans-96bn-natural-gas-exports\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-to-establish-sovereign-wealth-fund-as-it-plans-96bn-natural-gas-exports\",\"name\":\"Mozambique to establish sovereign wealth fund as it plans $96bn natural gas exports - 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