Oil & Gas Journal Spotlights Marc Hammerson on East Africa Energy

Akin Gump energy partner Marc Hammerson’s presentation at the firm’s June 4 event “The Global Energy Industry: 2014 Mid-Year Energy Briefing” was reported by Oil & Gas Journal in its article “Akin Gump: Mozambique, Tanzania are updating petroleum laws.”

The London-based Hammerson focused on the development of laws and regulations currently being undertaken by East African governments to increase revenue flows from potential natural gas projects.

He noted that Mozambique has been discussing a new petroleum law for several years, something that might happen this year or next.  This updated law would likely address obligations for operators related to environmental criteria, local content requirements and financial disclosure.

Hammerson also pointed to Tanzania’s study of its gas production, as the country considers the possibility of LNG exports, following on the updated model production-sharing agreement it issued in 2013.