South Africa’s First Commercial LNG Plant Begins Operations

LNG. Bigstock

“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.

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Onur Yilmaz

Onur Yilmaz

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