LNG

Renergen, the emerging South African domestic natural gas and helium producer with LNG production plans, has awarded the front-end engineering and design work to Italian energy contractor Saipem for the downstream development of the Virginia Gas project in the Free State.

Italian energy company Eni, a prominent LNG sector participant, took a hit of more than US$3 billion in the first quarter as it wrote down asset values and took one-time charges to cope with the double calamity of the pandemic and the oil price plunge.