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Renergen closer to bringing partner to SA gas project after CEF approval

The state-owned Central Energy Fund (CEF) has completed its due diligence related to an agreement with JSE-listed Renergen to invest R1 billion for a 10% stake in the gas company’s 20-year Virginia Gas Project, based in the Free State. This follows Renergen’s recent announcement that the project, which will produce liquid helium and liquified natural gas (LNG), was in its final commissioning work streams with commercial operations at customer sites expected to commence at the end of July.

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