Due in part to the 2012 offshore discoveries of Eni, Anadarko and their partners, that may transform Mozambique into a potentially major new gas province with ambitions at becoming a key player in the LNG market, the Government along with international oil companies (I0Cs), recognized that the 2001 Petroleum Law (Law No.3/2001) failed to provide a suitably robust legal framework which was needed to regulate IOC investment in these discoveries and to allow IOCs to monetize these discoveries by developing the necessary LNG facilities. Related to this was the need for the Government to ensure from a national standpoint that Mozambique secure the economic benefits of these large gas provinces. To achieve this, the Government passed a new petroleum law (Law No. 21/2014) which came into effect on 18 August 2014 and is still subject to further regulation by Mozambique's Government (2014 Petroleum Law) (Andrews Kurth, 2014).