Renergen says R1bn Central Energy Fund deal is on track

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SA’s only onshore gas production right holder, Renergen, is now producing 1,000GJ liquid natural gas (LNG) daily. That is expected to more than double by the first quarter of next year, it said in a voluntary update on Friday.

Renergen produces LNG in Virginia, Free State. The field is said to have one of the world’s highest helium concentrations.

The Central Energy Fund (CEF), responsible for securing SA energy security, aims to pay R1bn for a 10% stake in Renergen’s subsidiary Tetra4, which wholly owns the Virginia Gas Project.


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