Renergen Soars 8.2 On Jse After Completing Scheduled Maintenances

Shares in Renergen, the JSE-listed liquified natural gas production company, rose by 8.22 on the JSE on Friday, after the company said it was restarting its plant following the completion of scheduled maintenance procedures.

Renergen owns South Africas first onshore helium and liquid natural gas LNG production facility in Virginia in the Free State.

The companys stock soared 8.22 by the close of Fridays trade session to R10.80 per share, reversing its 14.29 and 31.21 monthly and year to date slump, respectively, on the JSE.

Earlier in the day, the company advised that annual maintenance of the entire plant and the notified Eskom maintenance is now complete with the power now fully restored to the facility. This had enabled the resumption of LNG production.

The plant was started earlier this week, and we resumed LNG production as of 19 September, it said.