Over the last decade, LNG prices in the three main markets of North America, Western Europe and East Asia have diverged significantly at times. This briefing presents two case studies of developing countries that have faced challenges in securing public revenue from their natural gas industries.
The authors of this paper examine Tunisia’s upstream petroleum fiscal regime, considering the government’s policy priority of reversing a decade-long decline in reserves and production. They make recommendations for creating a vibrant petroleum industry to support the local economy, reducing the country’s increasing dependence on imports, attracting investment and boosting exploration activity.
The Tanzanian government and a consortium of companies are negotiating the regulatory terms for a game-changing LNG project. In this brief, the authors update a previous analysis of some of the key decisions that will be made in the negotiation and their potential impact on whether the project proceeds and the levels of revenues that it could generate for the government.
This report explores common resource governance successes and challenges in sub-Saharan Africa. The authors conclude that policymakers, parliamentarians, civil society, media and regional institutions must focus on narrowing the implementation gap between extractive sector laws and actual practice, which will help to restore trust between government, communities and investors and thus strengthen sustainable management of natural resources.
This briefing explains why the Mongolian government should publish natural resource contracts, describes the different contracts that exist in Mongolia’s extractive sector that should be disclosed, and suggests a path for making natural resource contract transparency a reality.