Mozambique LNG Project Nears Revitalization

RBR Group Limited (RBR) has acknowledged recent reports concerning the US Export-Import Bank’s approval of a near US$5 billion loan for TotalEnergies’ Mozambique LNG project. This development represents a pivotal step toward revitalizing the project, poised to establish Mozambique as a major LNG producer. Furthermore, ExxonMobil is advancing its Rovuma LNG project, with plans to expedite development and aiming for a Final Investment Decision (FID) in the first half of 2026. Key contracts are anticipated to be awarded in June 2025. RBR Chairman Ian Macpherson noted that the loan approval from the Export-Import Bank indicates a rejuvenation of development activities for the Mozambique LNG project. He also highlighted an increase in commercial inquiries and requests for proposals linked to various LNG projects. RBR’s team in Mozambique is closely monitoring project developments and contracting opportunities related to camp construction, training, and labor hire, positioning the group to capitalize on the anticipated lifting of force majeure at the Mozambique LNG and Rovuma LNG projects. RBR anticipates increased development work related to this significant resource project, aligning with the company’s expertise in providing skilled labor solutions.