LNG

Royal Vopak of the Netherlands has reached a positive final investment decision with Canada’s AltaGas to proceed with a large-scale energy and bulk liquids terminal at Ridley Island in the Canadian Pacific province of British Columbia.

Royal Vopak, the Dutch operator of global energy storage assets, reported a strong first quarter and an increase in net profits as it broadened its activities around the world and planned an LNG import terminal in South Africa.

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.

Karpowership, the Turkish company with fast-track solutions for electricity projects such as LNG-for-power, was a major winner in a 2,000 megawatt (MW) tender launched by the South African Government to ease the nation’s power outages only to see three projects now refused environmental permits.

Norwegian energy company Equinor said it would write down the book value of its Tanzania LNG project in East Africa on the company’s balance sheet by US$982 million.

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, a South African helium and clean fuel developer with a planned small-scale plant for liquefied natural gas, has signed an agreement for the joint marketing and distribution of domestic LNG through the filling stations of French major Total.

DNG Energy, a South African infrastructure provider, said it was preparing to start liquefied natural gas fuel services at the nation’s largest bunkering port at Algoa Bay in the Eastern Cape province near the city of Port Elizabeth.