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.

March 15 (LNGJ) - Renergen, the South African developer of the Virginia Gas Project in the Free State with helium and LNG production planned, said on March 14 it had lined up Ivanhoe Mines, a Canadian-listed owner of South African mining interests, as a potential strategic partner after it acquired a 4.35 percent stake in Renergen.

   “Ivanhoe is an ideal partner to stand alongside Renergen in the development of its world-class helium reserves at Virginia,” said David King, Chairman of Renergen, which is listed on the Johannesburg and Australian securities exchanges. Ivanhoe’s Platreef project is in South Africa’s northern Limpopo province and is targeting palladium, platinum, rhodium, nickel, copper and gold. The Ivanhoe Co-Chairs are Robert Friedland and Yufeng “Miles” Sun.

Oct 28 (LNGJ) - Saipem, the Milan-listed energy and LNG engineering company whose projects include Arctic LNG II, Nigeria’s LNG expansion and the Virginia Gas venture in South Africa, has entered into a global project cooperation agreement with TechnipFMC, the US-based subsea company.

   The commercial agreement will pursue specific subsea umbilicals, risers and flowlines (SURF) projects where the combination can improve economics and de-risk the overall project development. “The agreement will provide a pool of complementary enabling vessels and facilities and a consolidated reel-laying and J-laying technology base,” said Stefano Porcari, Chief Operating Officer of Saipem’s Offshore Division.

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 natural gas and helium company with liquefied natural gas and liquefied helium production plans as part of the Virginia Gas project in the Free State, has announced very positive laboratory results on commercial helium concentrations, boosting its share price.

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.

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.

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.