Gas producer Renergen would embark on a roadshow shortly to raise a minimum of R125m through a private placement of shares to help fund construction of a pipeline and liquefaction facilities at its Tetra 4 wells in the Free State, CEO Stefano Marani said on Monday. This will be SA’s first onshore liquefied natural gas (LNG) facility. Sasol imports a slightly different product, natural gas, via a pipeline from onshore wells in Mozambique for industrial customers around Gauteng. The Department of Energy is also planning to import LNG for power generation.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now