LNG

March 20 (LNGJ) - Renergen, South Africa’s small-scale liquefied natural gas and liquefied helium production company, has completed an equity investment move by a unit of SOL SpA, the Italian industrial gas company. The Renergen LNG plant is part of the Virginia Gas project located about 250 kilometres southwest of Johannesburg.

   “The SOL group has a significant presence in the industrial gases market including helium across the world. SOL also brings significant liquefied natural gas experience to the table, complementing Renergen’s overall offering,” a statement said. Stefano Marani, Chief Executive of Renergen, explained that the two groups had been working closely on this transaction for some time. “It is pleasing to see the results of the detailed technical due diligence culminate in what promises to be a mutually beneficial transaction,” stated the Renergen CEO.

Feb 15 (LNGJ) - Renergen, South Africa’s small-scale liquefied natural gas and liquefied helium production company, has re-started LNG deliveries after a maintenance outage. The LNG plant is part of the Virginia Gas project located about 250 kilometres southwest of Johannesburg. “The delays suffered during the planned maintenance outage were primarily as a result of the scheduled maintenance period being brought forward to coincide with a helium coldbox repair,” said Renergen.

   “The shut-down ran longer than expected owing to unexpected challenges experienced with the primary mixed-refrigerant compressor,” the company added in a statement to reassure investors. “The company will seek to obtain relief from insurance cover and or a contractual claim against its suppliers,” added Renergen.

While South Africa is undergoing an energy and power crisis a liquefied natural gas and helium project in the Free State is expected to progress at a faster pace after receiving loan approvals of $750 million, including from the US International Development Finance Corporation.

Intercontinental Exchange Inc., the owner of the world renowned New York Stock Exchange and platforms for trading global oil and gas futures such as the US Henry Hub, North Sea Brent crude and the Dutch Title Transfer Facility for LNG and natural gas, has signed an accord for dual listing with the Johannesburg Stock Exchange (JSE) in South Africa.

Renergen, the emerging South African company with liquefied natural gas and liquefied helium production plans, is continuing its drilling programme after starting LNG production in September and output is expected to reach about 50 tonnes per day early in 2023.

Shares in South African natural gas and helium project company Renergen have recovered some lost ground in recent weeks to reach A$2.00 (US$1.49) per share, even amid a depressed national economy, after significant liquefied natural gas and helium supply agreements were signed last month.

Renergen, the emerging South African natural gas and helium company with liquefied natural gas and liquefied helium production plans, said its renewed drilling programme had progressed well as part of the Virginia Gas project at the base of the Karoo formation.

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.

Jan 4 (LNGJ) - Renergen, the emerging South African helium developer with plans to produce LNG at a small-scale liquefaction plant in Free State province from onshore resources, issued a quarterly update on sales and marketing achievements. It signed an LNG supply agreement with local firm Logico Logistics and added the N1 route from Johannesburg to Cape Town for several LNG filling stations in a venture with French major Total.

   “While drilling continues, albeit at a pace slower than hoped, the company continues to make progress and preparations have begun for three new wells,” said Renergen. “The company remains committed to delivering meaningful drilling results over the course of the first quarter of calendar year 2021, and updated reserves and resources following on from this data,” it stated. 

Renergen, the emerging South African domestic natural gas and helium producer, said it planned to hold an auction for LNG volumes to be produced at a small-scale liquefaction plant in Free State province from onshore resources.