Emerging helium producer Renergen has announced South Africa’s first ever Liquefied Natural Gas auction. The gas for auction will be produced at the companies Virginia Gas Project in the Free State and joining CNBC Africa for more is Stefano Marani, CEO of Renergen.
Renergen, a dual listed chemicals and renewable energy group, has secured $40 million in capital from a U.S Government agency. The natural liquefied gas producer officially entered into a 12-year term loan agreement with the Overseas Private Investment Corporation to finance a gas project here in South Africa. Joining CNBC Africa for more Stefano Marani, CEO, Renergen.