Renergen reports increased interim taxed loss, advances Virginia Gas Project

RENERGEN increased its taxed loss to R139.7 million from R70.4m for the six months to end-August 2025, but it was a period of many initiatives aimed at getting the helium and liquefied natural gas (LNG) Virginia Gas Project (VGP) to run at nameplate capacity.

- EDWARD WEST

RENERGEN owns South Africa's first onshore helium and LNG production facility in Virginia in the Free State. It delivered its first helium in March 2025, and is currently working to bring its plants to nameplate capacity.

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Funding agreements were executed to complete Phase 1 of South Africa's only onshore gas mining project. Additional wells were drilled, and construction of the gas gathering pipeline was undertaken to connect the wells. The construction of a third compressor station was started, CEO Stefano Marani said in the half-year financial results released on Friday.

The share price closed a sharp18.8% higher at R16.38 on Friday on the JSE.

In addition, continuous improvement initiatives were advanced in the LNG and liquefied helium operations, while the pre-development phase of Phase 2 of the VGP continued.