Renergen starts South African LNG plant
Renergen on September 5 announced it had started operations at South Africa’s first commercial LNG plant.
The start of Virginia gas plant has turned Renergen to a producer from explorer. Renergen will now focus on ramping-up operations over the coming months to full phase one capacity.
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“This watershed moment in the company’s lifecycle has finally arrived. This is a significant step on the path to showing the world that Renergen can become a global player in liquid helium supply and a material local supplier of much needed LNG,” CEO Stefano Marani said.
The Virginia project comprises various gas fields across Welkom, Virginia and Theunissen in South Africa's Free State. Their natural gas is very pure, according to Renergen, with an average methane content of more than 90%, but they also contain some of the richest helium concentrations recorded globally, the company has said.
Renergen in June this year signed a preliminary agreement for a loan of up to $500mn from the US International Development Finance Corp. for the second phase of the Virginia project.