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Home Energy

South Africa’s 1st commercial LNG plant begins operating

Energy Capital & Power by Energy Capital & Power
September 9, 2022
in Africa, Energy, South Africa
Reading Time: 2 mins read
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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.

Also read: South Africa’s fuel price drops most since 2020 lockdowns

“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.

Also read: South Africa’s Shoprite promises to hold down prices, shares slide

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

Related

Source: Energy Capital & Power
Tags: EnergyFeatureheliumliquefied natural gasliquid helium supplyliquid hydrocarbonsLNGnatural gas producerRenergenSouth AfricaSouth Africa’s 1st commercial LNG plant begins operatingStefano MaraniVirginia Gas Projectюжная-африкаجنوب-أفريقيا南アフリカ南非
Energy Capital & Power

Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.

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