Central Energy Fund to Invest $68M in South African Gas Project -South Africa's Central Energy Fund (CEF) will reportedly invest R1-billion ($68-million) to help fund Renergen's Virginia... -
Renergen's Virginia Gas Project in Free State, South Africa. Image sourced from engineernews.com
The agreement comes after Renergen partnered with Ivanhoe Mines, which according to reports, might acquire more than half of the company. Renergen says that the gas at the Virginia Gas Project in Free State contains one of the richest helium concentrations ever recorded in the world. The first phase of the project is at an advanced stage with commercial production of both Liquified Natural Gas and Helium is expected to commence next month.
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