Making the news

South Africa’s 1st commercial LNG plant begins operating

1 Mins read

Helium and natural gas producer, Renergen, has announced the commencement of operations at its Virginia Gas Project in South Africa’s Free State Province, becoming the country’s first commercial liquefied natural gas (LNG) plant.

Serving to transition Renergen from an explorer to a producer of liquid hydrocarbons, the company stated on 5 September that it has commenced the filling of bulk storage tanks for the delivery of gas to customers, which will serve to supplement the use of diesel for trucks and thereby reducing carbon emission output.

“This watershed moment in the company’s lifecycle has finally arrived,” stated Renergen CEO, Stefano Marani, adding, “This is a significant step on the path to showing the world that Renergen can become a global player in the liquid helium supply and a material supplier of much-needed LNG.”

The announcement follows the completion of its due diligence on an agreement with Renergen by energy solutions company, the Central Energy Fund, as part of Phase 1 of the project to invest approximately $58 million for a 10% stake in the plant in August this year.

The coming months will see Renergen ramp up operations to full Phase 1 capacity of 2,700 gigajoules per day (GJ/d) of LNG and 350kg per day (kg/d) of helium, while Phase 2 will involve an additional investment of $900 million for the production of 5,000 kg/d of helium, 24,000 GJ/d of LNG, as well as the development of a 60 MW gas-to-power plant.

With a life expectancy of 20 years, the Virginia Gas Project will play a significant role towards reducing South Africa’s carbon emissions.

 

 

Source: Furtherafrica.com

Related posts
Making the newsTechnology

Herbert Wigwe's Journey from Incubating Flutterwave to Backing SystemSpecs, BVN

4 Mins read
Herbert Wigwe’s Journey from Incubating Flutterwave to Backing SystemSpecs, BVN Since the death of Herbert Wigwe, the founding Group CEO of Access…
Making the newsTravel NewsUncategorized

The Implications of Falling Visa Restrictions for Africans

1 Mins read
The Implications of Falling Visa Restrictions for Africans Visa-free travel is on the rise in Africa, with Malawi the latest country to…
AfricaFinanceMaking the news

4 Billionaires Who Surpass the GDP of Two African Nations

2 Mins read
4 Billionaires Who Surpass the GDP of Two African Nations At the forefront of Nigeria’s economic transformation are four prominent billionaires, Aliko…

Leave a Reply

Your email address will not be published. Required fields are marked *