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Luxi New Energy Equipment Group Co.,Ltd

Address:No.28 Liaohe Road Economic Development Zone, Liaocheng, Shangdong, China

Contact: Pengpeng Li

Tel:86-635-8510990

M/P:86-15906356230 

Fax:86-635-8517880

Email:lipengpeng@lxhg.com

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South Africa In 2019 Or There Will Be LNG Supply
Apr 09, 2018

In mid March, Renergen, the energy investment company, released its latest independent Reserves Assessment Report on the Virginia project in South Africa, in Welkom and Theunissen, Virginia, with an area of 187000 hectares. The project will include helium and liquefied natural gas (LNG). The project is estimated to be about $660 million before the project.

The company CEO Marani said the main focus of the company's current focus is to complete the final research on the Virginia project to determine the necessary capital expenditure for procurement of drilling equipment and services, to establish a mesh network and to be put into production in the third quarter of 2019. The project will include liquefied natural gas (LNG) production facility and helium separation unit, which will cost 15 million to 20 million dollars.

According to the five year production standard of Renergen, the company can produce 1000 kg to 1500 kg of helium per day and produce 10000GJ liquefied natural gas at the same time, equivalent to producing 280000Nm3 natural gas per day. Most of the helium will be mainly used for export, while LNG will be produced and used locally.