Based on the recent comments by TotalEnergies CEO Patrick...

Based on the recent comments by TotalEnergies CEO Patrick Pouyanne, it appears that the Mozambique LNG project is on track to resume production. Pouyanne noted that the security situation in Mozambique has stabilized, and that cost considerations are now the last step before restarting the project.

The CEO also indicated that TotalEnergies is looking for contractors to be reasonable with their pricing, as some have tried to benefit from the situation. However, Pouyanne made it clear that TotalEnergies will not accept any undue costs, and that the company has already paid what it needed to during the project shutdown.

If contractors are willing to stick to the original pricing, it could put TotalEnergies in a great position to resume production at a reasonable cost. The Mozambique LNG project has the potential to be a significant source of revenue for TotalEnergies, and the company will undoubtedly be looking to resume production as soon as possible.

Overall, it is encouraging to see that the security situation in Mozambique has improved, and that TotalEnergies is actively working to restart production. If contractors can agree to fair pricing, it could be a win-win situation for all involved.

As an engineering, procurement, and construction management company with a significant presence in Mozambique, RBR is well positioned to benefit from the revitalisation and growth of its Mozambique businesses. The recent announcement by TotalEnergies CEO Patrick Pouyanne regarding the imminent restart of the Rovuma LNG onshore facility in Afungi has led to an increase in business activity for Futuro Group (FG) entities, including RBR.

With engineering recruitment and construction contract enquiries on the rise, RBR sees the potential for increased demand for its services and expertise in providing engineering, procurement, and construction management services to the oil and gas sector.
RBR's Executive Chairman, Ian Macpherson, has expressed optimism about the potential for revitalisation and growth across its Mozambique businesses. The resumption of the Mozambique LNG project could be a significant source of revenue and growth for RBR, and the company is well positioned to capitalise on this potential growth.

Overall, the increased business activity in Mozambique driven by the Mozambique LNG project's restart could be a positive development for RBR and its stakeholders. RBR is ready to take advantage of this growth opportunity and is committed to providing high-quality engineering, procurement, and construction management services to its clients in the oil and gas sector.