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Liquified Natural Gas News

Sapia welcomes energy budget speech

By: Tasneem Bulbulia 23rd July 2020 Industry organisation the South African Petroleum Industry Association (Sapia) has welcomed the Budget Vote speech delivered by Minister Mmamoloko Kubayi-Ngubane on behalf of Mineral Resources and Energy Minister Gwede Mantashe, earlier this week. The organisation is particularly pleased about... →

Standard Bank signs $485m financing deal for mega Mozambique gas project

By: Terence Creamer 17th July 2020 South African banking group Standard Bank confirmed on July 17 that it would contribute $485-million (over R8-billion) in debt finance to the $20-billion Mozambique Liquefied Natural Gas (LNG) project, being developed by a Total-led consortium in northern Mozambique. Standard Bank oil and gas... →

Virtual event to showcase opportunities arising from mega Moz gas projects

By: Terence Creamer 16th July 2020 A virtual event is being planned for early August to expose South African companies to the opportunities that are likely to arise directly from the mega-scale liquefied natural gas (LNG) projects that are starting to take shape in northern Mozambique, as well as various associated projects,... →

Renergen bringing LNG fuel alternative to South Africa

By: Simone Liedtke 15th July 2020 The current global recession is accelerating the transformation to cleaner energy sources and the use of liquefied natural gas (LNG) in transport owing to the need to reduce costs by as much as possible. Within this context, emerging natural gas and helium producer Renergen CEO Stefano Marani... →

The compression station at Renergen's Virginia gas project, in the Free State.

Renergen CEO Stefano Marani gives some insight in to how accepting South Africa is of LNG, and whether or not there is an actual demand. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Renergen CEO discusses company, project investment case

By: Simone Liedtke 9th July 2020 JSE- and ASX-listed Renergen is aiming to supply between 12% and 15% of the world's helium with Phase 2 of its Virginia gas project, in the Free State. The project is owned by Renergen subsidiary, Tetra4. →

Renergen CEO Stefano Marani

First inclined well at Renergen’s Virginia gas project to spud later this month

By: Simone Liedtke 9th July 2020 The first inclined well at emerging domestic natural gas and helium producer Renergen’s Virginia gas project, in the Free State, is expected to spud late in July, and reach the primary target at the base of the Karoo sequence/top Wits formation late in August. This is the company’s first inclined... →

Africa’s biggest investment takes shape under Islamist threat

By: Bloomberg 7th July 2020 Dozens of soldiers clutching AK-47s and grenade launchers watch over roaring bulldozers on the white sand beach that meets a tropical turquoise sea. They’re guarding Africa’s biggest investment: a $23 billion project to export Mozambique’s natural gas from an area increasingly besieged by an... →

Renergen believes Virginia project could relieve global helium shortage woes

By: Simone Liedtke 7th July 2020 Emerging natural gas and helium producer Renergen says its Virginia project, in South Africa’s Free State province, has the potential to be the answer to the world’s helium shortage woes following a recent helium prospective resources report, which confirms that the project has undiscovered gross... →

The compression station at Renergen's Virginia gas project, in the Free State.

Renergen, Total South Africa ink LNG distribution agreement

By: Simone Liedtke 18th June 2020 Emerging domestic natural gas and helium producer Renergen and Total South Africa have signed an agreement for the joint marketing and distribution of liquefied natural gas (LNG) through Total’s service stations. The first route targeted under the agreement will be the N3 between Johannesburg and... →

Renergen's Virginia gas project, in the FreeState.

Renergen remains on track to execute Virginia gas project

By: Simone Liedtke 1st June 2020 The 2020 reporting period has arguably been emerging liquefied natural gas (LNG) and helium producer Renergen’s busiest to date, with major milestones including a successfully completed initial public offering on the ASX, which raised A$10-million for the company, ensuring that the company... →

Mozambique LNG project expected to receive R267bn in funding in June

By: Schalk Burger 28th May 2020 A liquefied natural gas (LNG) project in Mozambique is expected to receive about R267-billion, or about $15-billion, of financing commitments at a signing ceremony scheduled for June, Rand Merchant Bank (RMB) oil and gas coverage head Jonathan Ross says. RMB is part of a consortium of banks... →

Pipeline construction at Renergen's Virginia project to resume

By: Simone Liedtke 28th May 2020 Engineering consultant EPCM Bonisana, a subsidiary of EPCM Holdings, plans to remobilise on June 1 for the restart of construction of the pipeline at emerging domestic natural gas and helium producer Renergen’s Virgina gas project, in the Free State. “This is a great result, not only for Renergen... →

Drilling of first inclined well to start at Renergen’s Virginia gas project

By: Simone Liedtke 13th May 2020 Emerging domestic natural gas and helium producer Renergen has signed a contract with hydraulic exploration drilling rig manufacturer Bohrmeister Technik to start the drilling of the first inclined well for the delivery of gas to Phase 1 of Renergen’s Virginia gas project, in the Free State.... →

CEF denies nine ‘requests’ for support amount to a bailout

By: Terence Creamer 12th May 2020 South Africa’s State-owned Central Energy Fund (CEF) has outlined an extensive list of support measures – including access to a portion of the fuel levy and carbon-tax proceeds – which it argued on Tuesday would help extricate the group from a “precarious financial position”, precipitated by... →

Photo by Creamer Media
The PetroSA refinery in Mossel Bay

CEF fills all vacant CEO positions for group companies

By: Donna Slater 11th May 2020 Having not had permanent CEOs since 2014, the Central Energy Fund (CEF) has now filled the position of group CEO, as well as all vacant CEO positions at its group companies, in particular at the Strategic Fuel Fund (SFF), the Petroleum Agency of South Africa (Pasa) and national oil company... →

International oil, gas industry in unchartered waters – Norton Rose Fulbright

By: Donna Slater 6th May 2020 The oil and gas industry is experiencing a “truly historic moment”, with prices having dropped below zero for a barrel of oil and liquefied natural gas (LNG) shipments likely to be halted in the near future, says law firm Norton Rose Fullbright US oil and gas practice head Julie Mayo. She... →

LNG market sees increased clean energy demand

24th April 2020 Global demand for liquefied natural gas (LNG) increased by 12.5% to 359-million tonnes last year, which is a significant increase that bolsters LNG’s growing role in the transition to a lower carbon energy system. This is according to a LNG outlook report that was published by natural gas and... →

AN EVOLVING MARKET New spot-trading mechanisms and a wider variety of indices used for long-term contracts point towards LNG becoming an increasingly flexible commodity

Opportune time for LPG growth

By: Cameron Mackay 24th April 2020 The local liquified petroleum gas (LPG) market is an underdeveloped industry and has significant growth potential, largely owing to its use as an energy source, says the Liquefied Petroleum Gas (LPG) Safety Association of South Africa acting MD Nirvan Brijlal. Moreover, he highlights the... →

POTENTIAL UNLOCKED LPG’s versatility in domestic, commercial and industrial applications, and impending supply capacity improvements, are significant factors signalling the potential for growth for the industry

Renergen completes pipeline design at flagship gas project

By: Simone Liedtke 17th April 2020 Emerging natural gas and helium producer Renergen has completed the design of the pipeline at its Virginia gas project, in the Free State, thereby achieving the project’s third milestone. According to the company’s milestone tracker, the intended date of completion was April 1, with a tolerance... →

Mozambique expansion key for gas supplier

By: Darren Parker 10th April 2020 JSE-listed gas supplier Afrox has committed a R75-million capital investment to establish and develop a new regional branch in Pemba and an on-site store in Palma, both in Mozambique, over the next few years. Afrox Mozambique currently has no presence in the northern region of the country, which... →

EXPANDING GAS Afrox’s R75-million investment into Mozambique is aimed at taking full advantage of the country’s offshore liquid natural gas development

Wentworth delays release of financial results until later in April

By: Donna Slater 8th April 2020 As a result of the impact of the Covid-19 pandemic, Aim-listed independent, East Africa-focused natural gas company Wentworth is delaying the release of its full year financial results, which were due to be released on April 8, to later in the month. The company was also compelled by the level of... →

Privatisation slowly becoming reality

By: Tracy Hancock 20th March 2020 The type of participants attending this year’s Power & Electricity World Africa & The Solar Show are proof that Africa seeks to become less reliant on governments for its electricity supply, says event organiser Terrapinn Power & Electricity World Africa conference producer Caroline Mubima.... →

DRIVEN DISCUSSION The growing adoption of electric vehicles is one trend expected to dominate discussion at Power & Electricity World Africa 2020

Nigeria’s immense gas reserves offer great scope to boost economic growth

By: Kim Cloete 3rd March 2020 Nigeria is hoping to make the most of its immense gas reserves, but needs to refine its legislation and get its projects moving swiftly. Professor Abubakar Sani Sambo from the Nigerian Ministerial Task Force on Power said Nigeria had the ninth largest gas reserves in the world and was number one... →

Companies urged to gear up for gas revolution in Mozambique

By: Kim Cloete 3rd March 2020 Key players in the gas industry have urged the South African government and companies to gear up for the tremendous opportunities that the gas resources uncovered in Mozambique will offer. A final investment decision (FID) has been taken for two projects, while the FID for a third project is... →

Natural gas has potential to change energy sector dynamics

By: Kim Cloete 2nd March 2020 The South African Gas Development Company, also known as iGas, says the dynamics for liquefied natural gas (LNG) are in South Africa’s favour, with LNG prices at the lowest point in real terms since the history of the trade and more projects coming on stream. “LNG has a versatile delivery system.... →

New energy paradigm can drive Africa’s development

By: Schalk Burger 21st February 2020 Africa can meet its major sustainable energy and development goals without becoming more energy intensive, as it has a unique opportunity to use renewable energy, natural gas and energy efficiency to meet its development needs and provide reliable and modern energy services. This is the... →

Mantashe says Ministerial Determinations needed to unlock IRP 2019 are finalised and await Nersa’s concurrence

By: Terence Creamer 19th February 2020 Mineral Resources and Energy Minister Gwede Mantashe announced on Wednesday that the Section 34 Ministerial Determinations required to give effect to the Integrated Resource Plan 2019 had been finalised and were currently serving before the National Energy Regulator of South Africa in order to... →

Mineral Resources and Energy Minister Gwede Mantashe

GE’s gas power unit makes emergency-power submissions to DMRE

By: Terence Creamer 13th February 2020 The newly created gas power unit of General Electric (GE) has confirmed that it has made both direct and indirect submissions to the Department of Mineral Resources and Energy (DMRE) in response to a request for information (RFI) issued in December for 3 000 MW of emergency electricity solutions... →

An example of a GE trailer-mounted mobile gas-powered solution than can be deployed as an emergency solution

Consortium makes Richards Bay gas-to-power proposal in response to DMRE’s call for emergency solutions

By: Terence Creamer 7th February 2020 A black-empowered consortium that includes companies with extensive gas-to-power experience has made a formal submission to the Department of Mineral Resources and Energy (DMRE) in which plans for power generation plants capable of adding between 300 MW and 3 300 MW to South Africa’s grid within... →

The proposed site of the Mhlathuze Energy project

Renergen’s Tetra4 inks LNG supply contract

By: Simone Liedtke 7th February 2020 Emerging domestic natural gas and helium producer Renergen’s subsidiary, Tetra4, has secured an agreement with Bulk Hauliers International Transport (BHIT) for the supply of liquefied natural gas (LNG) from the Virginia gas project, in the Free State. The LNG will be used to fuel about 50 of... →

Turkey's Karpowership looks to plug South African power gap

By: Reuters 4th February 2020 Turkey's Karpowership, one of the world's largest powership firms, has submitted a plan to South Africa to provide "several" ships capable of plugging a severe power shortage in the country, a senior company official said on Tuesday. South Africa's State-owned power utility Eskom has regularly... →

Virginia project’s appraisal programme to spud ahead of schedule – Renergen

By: Simone Liedtke 21st January 2020 Emerging domestic natural gas and helium producer Renergen expects the appraisal programme for its Virginia gas project, in the Free State, to spud ahead of schedule during the first week of February. The dual-listed company also advised that the first planned incline in Phase 1’s development had... →

Photo by Creamer Media's Donna Slater
The drill site at Renergen's Virginia gas project

Renergen’s Free State project shows ‘game changing’ potential for domestic power

By: Simone Liedtke 17th December 2019 Drilling at emerging natural gas and helium producer Renergen’s Virginia project, in the Free State, has progressed through the Karoo Supergroup and successfully intersected gas-charged sandstones and fractures, as was previously expected, the company reported on Monday. The gas was intersected... →

CEO Stefano Marani

Project aims to create Africa’s helium hub

By: Simone Liedtke 13th December 2019 Emerging natural gas producer Renergen marked the start of the pipeline construction at its flagship Virginia gas project, in the Free State, with a sod-turning ceremony, last month. Liquefied natural gas (LNG) and liquid helium production is expected by 2021, when Phase 1 of the project is... →

BREAKING GROUND
(Left to right) Renergen CEO Stefano Marani, DMRE technical support chief director Xolile Mbonambi, Renergen CFO Fulu Ravele and Renergen COO Nick Mitchell at the groundbreaking event at the Virginia gas project

Renergen CEO Stefano Marani speaks to Engineering News about the company’s flagship Virginia gas project, and what this milestone means for the company

Company appointed as EPC contractor for Virginia gas project

By: Mc'Kyla Nortje 13th December 2019 Engineering consultant EPCM Bonisana, a subsidiary of EPCM Holdings, has been appointed as the engineering, procurement and construction (EPC) contractor for emerging liquefied natural gas (LNG) and helium producer Renergen’s Virginia gas project, in South Africa. EPCM Bonisana is responsible... →

Renergen strikes first gas at flagship Virginia project

By: Simone Liedtke 2nd December 2019 Emerging domestic natural gas and helium producer Renergen over the weekend recorded short-term venting of pressurised gas in the drilling mud while still in the Karoo Formation, prior to intersecting the targeted sandstone deposit at its Virgina gas project. Drilling out of the casing shoe... →

Photo by Creamer Media's Dylan Slater
The drill site at Renergen's Virginia gas project, in the Free State

Total, Gigajoule deal brings $350m Maputo LNG import terminal a step closer

By: Terence Creamer 27th November 2019 International oil major Total and Southern African gas infrastructure developer Gigajoule signed a joint development agreement (JDA) on Wednesday for the importation of liquified natural gas (LNG), through the Matola harbour, in Maputo, Mozambique, from the end of 2022 onwards. The import project... →

Photo by Gigajoule
An artist impression of an LNG vessel with Maputo's Katembe bridge in the background

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