Mozambique Gas Contracts: Income Tied to Exploration Costs

[Mozambique News Reports And Clippings] Gas could make Mozambique relatively wealthy, but not for another decade. Only one small floating platform is producing now, but that allowed an analysis of the contracts. Income is limited until all of the exploration and development costs are paid off, which takes about 8 years, and then there is a sudden income jump. Area 1 (TotalEnergies) will not start production until 2029-2030, and Area 4 (Exxon Mobil) three years later. So in the period 2032- 2038 when initial costs are being paid off, government