TotalEnergies Lifts Force Majeure: What This Means for RBR Group and Mozambique LNG

• TotalEnergies ends 4.5-year force majeure on Mozambique LNG
• Over 4,000 workers active onsite; ExxonMobil plans 5,000 more accommodations
• RBR Group offers training, labour hire, and camp infrastructure services
• RBR is the sole ASX-listed company with direct Mozambique LNG exposure
• Significant contract opportunities expected amid LNG project ramp-up

Mozambique LNG Project Reawakens

After a prolonged suspension of more than four years due to regional security challenges, TotalEnergies has officially lifted the force majeure on the Mozambique LNG project. This $20 billion venture, situated on the Afungi Peninsula, is now poised for a full-scale restart, marking a pivotal moment for Mozambique’s energy sector and the global liquefied natural gas market.

With over 4,000 personnel already mobilized on site and ExxonMobil preparing to accommodate an additional 5,000 workers nearby for its Rovuma LNG development, the momentum behind these projects is unmistakable. TotalEnergies’ reaffirmed production target of 2029 underscores the long-term commitment and scale of this opportunity.

RBR Group’s Strategic Positioning

RBR Group Limited emerges as a key beneficiary of this renewed activity. As the only ASX-listed company with direct operational exposure to Mozambique’s LNG developments, RBR’s integrated business model; spanning training, labour hire, and camp infrastructure; is tailored to meet the escalating demands of the LNG corridor.

Through its partnerships, including Futuro Skills and the Field Ready joint venture, RBR delivers vital safety and trade training to Mozambican workers, ensuring a skilled local workforce ready for the rigors of LNG project requirements. Its labour hire services place these trained personnel with major contractors, while its camp infrastructure arm, Projectos Dinamicos, manages workforce accommodation facilities in collaboration with African operator Canvas & Tent.

Implications for RBR and the Region

Executive Chairman Ian Macpherson highlighted that the lifting of force majeure signals a major reactivation phase, with rapid escalation expected in demand for RBR’s core services. Years of groundwork in building trusted local partnerships and infrastructure have positioned RBR to capitalize on this resurgence, delivering value not only to shareholders but also to local communities through sustainable employment and training.

Beyond Mozambique, the renewed investment momentum from global energy majors like TotalEnergies, ExxonMobil, and Eni could open further contract opportunities across Africa’s expanding resource corridor, potentially broadening RBR’s footprint and influence.

While the outlook is promising, the company and investors will be watching closely for how geopolitical and security dynamics evolve, as these remain critical factors in the project’s sustained progress.

Bottom Line?

RBR Group’s deep Mozambique ties position it well to ride the LNG revival, but regional risks warrant cautious optimism.

Questions in the middle?

• How soon will RBR secure new contracts tied to the Mozambique LNG ramp-up?
• What impact will regional security developments have on project timelines?
• Can RBR leverage this momentum to expand into other African resource projects?