The recent approval by the US Export-Import Bank of a loan of almost 5 billion dollars (approximately 310 billion meticals) for TotalEnergies’ Mozambique LNG project represents an important milestone for the country’s energy sector. This development offers new impetus to the project, laying the foundations for the revival of the ambitious initiative, which aims to position the country as one of the world’s leading producers of liquefied natural gas (LNG), the Sharecafenews portal reported on Tuesday 18 March .
The site reports that, in addition to TotalEnergies, ExxonMobil is also pushing ahead with its own LNG project in the Rovuma block, and the plans to speed up development are a clear demonstration of confidence in the future of Mozambique’s energy sector. The American company aims to make a Final Investment Decision (FID) in the first half of 2026, with the award of the main contracts scheduled for June 2025.
Ian Macpherson, chairman of RBR Group Limited (RBR) – a company that provides construction, security, trade and infrastructure services – commented on this moment, highlighting that the approval of the loan by the US Export-Import Bank is a clear sign of revitalisation for the Mozambique LNG project. The loan not only represents an important step forward for the initiative, but is also generating an increase in commercial enquiries and requests for proposals related to various LNG projects.
RBR, with a dedicated team in Mozambique, is closely monitoring the development of the project and emerging opportunities related to the construction of fields, the training of professionals and the hiring of labour. The group is strategically positioning itself to take advantage of the anticipated lifting of force majeure, which will allow the project’s development work to accelerate.
The growth in development activities, combined with RBR’s experience in offering qualified labour solutions, should translate into new opportunities in the local market. Mozambique, with its abundance of natural gas, is at the centre of one of the continent’s largest energy projects, and RBR is set to play a crucial role in the economic revival.
As investment decisions move forward and development activity increases, Mozambique is getting closer to consolidating its position as a major LNG producer, which could have a significant impact on the country’s economy, creating new job opportunities and strengthening Mozambique’s position in the global energy market.
