Following a tumultuous two years since the first Covid-19 lockdown in the UK, the now much-changed energy sector remains an attractive proposition for both global investors and trade players. Many of these are looking to get ahead of the curve of the much publicised transition to sustainable energy sources.
Europe has woken up to LNG demand as a means to provide energy security, even while such a move appears out of step with countries’ net zero commitments.
South Africa’s Central Energy Fund (CEF) is considering buying into Renergen’s Virginia gas project, paying 1 billion rand ($69 million) for a 10% stake.