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Liquified Natural Gas News

Natural gas is the rich world’s new coal

By: Bloomberg     9th September 2020 Even the cleanest fossil fuel is losing its appeal to rich nations. Just a few years ago, natural gas was hailed as vital for the transition toward an economy that runs on renewable energy. But sentiment is changing and the fuel is going the same way as coal, its dirtier sibling shunned by... 

Long-term demand structure for petroleum unclear

By: Darren Parker     4th September 2020 It is expected that the Covid-19 pandemic will continue to negatively affect liquid fuels demand in the short term, but whether this represents a long-term structural shift is not yet clear, says South African Petroleum Industry Association (Sapia) executive director Avhapfani Tshifularo. Before... 

Long-term demand structure for petroleum unclear
Photo by Adobe
NO NEED TO IMPORT Reduced demand will see South Africa becoming somewhat self-sufficient in terms of fuels production if all refineries are operational

Renergen completes LNG auction registration process

By: Simone Liedtke     2nd September 2020 Domestic natural gas and helium producer Renergen has completed the registration process for South Africa’s first liquefied natural gas (LNG) auction, with the number of registrations significantly exceeding expectations. The number of registrations demonstrate the inherent demand of the domestic... 

Renergen completes LNG auction registration process
CEO Stefano Marani

Regulations, pricing a challenge for local LNG uptake

By: Theresa Bhowan     28th August 2020 Despite there being vast benefits to using liquefied natural gas (LNG) locally, natural gas producer Renergen tells Engineering News that regulations and pricing are impeding the growth of the LNG sector. 

Regulations, pricing a challenge  for local LNG uptake
RENEWING ENERGY Renewable energy is fast becoming more affordable

LNG project should benefit SADC

28th August 2020 Untapped expertise in Southern Africa should benefit from the opportunities provided by the exploitation of the large liquefied natural gas (LNG) reserves discovered off the coast of northern Mozambique, says engineering, procurement and construction company Lesedi Nuclear Services project... 

Mozambique, Total agree to ‘Joint Task Force’ to help secure mega LNG project 

By: Terence Creamer     24th August 2020 French energy major Total, which is leading the development of the $20-billion liquefied natural gas (LNG) megaproject in northern Mozambique, announced on Monday that it had signed a new security-related memorandum of understanding (MoU) with the government of the Southern African country.... 

Mozambique, Total agree to ‘Joint Task Force’ to help secure mega LNG project

Islamic State-linked fighters seize Mozambique LNG port town

By: Bloomberg     14th August 2020 Fighters linked to Islamic State took control of a northern Mozambican port town that’s been a key logistics link for a $23-billion natural-gas project that Total is building, according to Risk Advisory Group. It’s the third time this year the insurgents have seized Mocimboa da Praia, located... 

Australia views resources resilience as core to post-pandemic recovery

By: Esmarie Iannucci     7th August 2020 The onset of the Covid-19 pandemic early in 2020 completely changed the global social and economic landscape, causing travel restrictions and physical distancing precautions in an effort to halt the spread of the virus. Commodity prices, specifically that of oil and oil price-linked liquefied... 

Australia views resources resilience as core to post-pandemic recovery

Renergen spuds first well as expected

By: Simone Liedtke     3rd August 2020 The drill rig at emerging natural gas and helium producer Renergen’s Virginia gas project production hub, in the Free State, is preparing to spud the first well in the programme. The upcoming programme of inclined wells target the gas productive fracture systems at the project. 

Renergen completes plant design ahead of schedule

By: Simone Liedtke     29th July 2020 Emerging domestic natural gas and helium producer Renergen has completed the design of its Virginia gas plant, 22 days ahead of schedule. The significant achievement marks the completion of the fourth major milestone at its Virginia gas project in the Free State. 

New coupling introduced to meet updated LPG tanker standard

24th July 2020 As per a Bulletin issued by the Liquefied Petroleum Gas Safety Association of Southern Africa (LPGSASA) and further legislated by the Department of Employment and Labour, Cam-and-Groove type Couplings are no longer permitted for use in gas tanker applications and should be replaced with a... 

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... 

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

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,... 

Virtual event to showcase opportunities arising from mega Moz gas 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... 

Renergen bringing LNG fuel alternative to South Africa
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 discusses company, project investment case
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... 

Renergen believes Virginia project could relieve global helium shortage woes
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, Total South Africa ink LNG distribution agreement
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... 

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

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

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... 

LNG market sees increased  clean energy demand
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... 

Opportune time  for LPG growth
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... 

Mozambique expansion key for gas supplier
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.... 

Privatisation slowly becoming reality
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.... 

Natural gas has potential to change energy sector dynamics

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... 

New energy paradigm can drive Africa’s development
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