top of page

Renergen Plans to Raise Equity to Ramp-up SA LNG/Helium Project

South Africa’s Renergen plans to raise equity to move into second phase production at its Virginia natural gas and helium project, Between $150m and $200m in equity will be needed to take production into its second phase, Marani says. Renergen switched on the project, South Africa’s first commercial liquefied natural gas LNG plant, this month. The Virginia project is in the Free State, about 250km southwest of Pretoria. In June, Renergen signed a retainer letter with the US International Development Finance Corporation to evaluate making a loan of up to $500m for the second phase. The project is also being backed by South Africa’s state-owned Central Energy Fund, which is investing R1bn ($57m).

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Recent Posts

See All

Noble Helium's CFO Announces Retirement

Noble Helium's CFO, Graham Yerbury, announced his retirement set for end Jun'24. In the short term the company will not look to replace Mr Yerbury, as existing internal accounting and finance resource

Comments

Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page