Why are we holding this auction?
Renergen is currently the first and only provider of LNG in SA, providing a secure independent energy supply, and most importantly for the country, not imported. By 2021, we will have completed our Phase 1 expansion plans of the Virginia Gas Project and will be producing Liquefied Natural Gas (LNG) and helium, making us the first distributor of LNG at filling stations between Johannesburg and Durban on the N3 highway (in partnership with Total) in the country, and the only domestic producer of helium.
Renergen also anticipates that Phase 2 of the Virginia Gas Project will be available by 2023. We are expecting the demand for LNG to increase significantly across South Africa, and Phase 2 production will bolster our 2021 Phase 1 supply, making LNG available across all the country’s major highways. A surplus volume from Phase 2 will be made available to the market. Interested parties are invited to apply to bid for the allocation of liquefied natural gas (LNG) in South Africa’s first ever LNG auction, conducted by Renergen.
Interested parties bidding must prove an asset value or annual turnover equal to or in excess of ZAR 2 000 000.00 (two million South African Rand). Accordingly, the Consumer Protection Act (Act 68 of 2008) and associated regulations are not applicable to any transactions concluded. Click here to download Consumer Protection Act (Act 68 of 2008).
Bidders will be selected at the sole discretion of Renergen and successful bids will be communicated directly with the bidder via the information supplied in the registration fields.
The closing date for registrations is the 28 August 2020. Following a review of the applications you will be notified in writing as to whether your application was successful or not. Successful applicants will further be notified in writing as to the date, time and rules for the blind auction. Decisions on successful applications are at the sole discretion of Renergen and no correspondence will be entered into.
Email firstname.lastname@example.org or call +27 10 045 6000 for any queries.
All interested parties will be required to sign a mutual confidentiality agreement. Furthermore, all details relating to the auction will be kept confidential. All data relating to successful bids and bidders will be kept confidential, and will only be made public by mutual agreement.