TotalEnergies, a leading French oil company, today expressed its appreciation for the Mozambican government's continued commitment to the oil and gas sector over the last 15 years. This commitment is reflected in the creation of effective and attractive regulations for private investment.
Maxime Rabilloud, President and Managing Director of TotalEnergies in Mozambique, shared these sentiments during a high-level panel titled “Global Markets Overview – Attracting Investment in the Next Phase of Energy Projects”, held as part of the 8th Gas Summit and Expo and Energia de Moçambique, a two-day event in Maputo.
Rabilloud highlighted that the commitment of the Mozambican State is fundamental to creating a favorable environment for long-term investment. He stated: “I would like to recognize the government’s commitment to effective and supportive regulation that enables investment.” He noted that in many cases, the role of regulations is underestimated, but in the case of Mozambique, they play a crucial role in attracting international investors.
Furthermore, Rabilloud praised the Mozambican government's approach to creating strategic partnerships in the energy area, allowing the country to act together with international investors. He emphasized: “The second thing that I think is elegant is the way the government is focused on creating champions in the energy area, to be able to 'play' together with international investors.” This demonstrates the government's long-term vision and its commitment to establishing strong partnerships in the energy sector.
TotalEnergies' praise for the government of Mozambique is significant recognition of the progress made in the country's oil and gas sector and highlights international investors' confidence in the future prospects of this growing sector. This promising partnership has the potential to further boost Mozambique's economic and energy development.
