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Renergen to hold South Africa’s First LNG Auction
RENERGEN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
JSE Share Code: REN
A2X Share Code: REN
ISIN: ZAE000202610
LEI: 378900B1512179F35A69
Australian Business Number (ABN): 93 998 352 675
ASX Share code: RLT
(“Renergen” or “the Company”)
RENERGEN TO HOLD SOUTH AFRICA’S FIRST LNG AUCTION
Emerging domestic natural gas and helium producer Renergen is pleased to announce the
commencement of South Africa’s first ever Liquefied Natural Gas (LNG) auction. Interested parties are
invited to apply to bid for the allocation of LNG, which will be produced from the company’s Virginia Gas
Project, located in the Free State, approximately 250 km southwest of Johannesburg. Renergen holds the
first and only onshore petroleum production right in South Africa.
With an average of greater than 95% methane and almost zero higher alkanes, Renergen will produce
LNG of outstanding purity, placing the company’s product as the ideal substitute for liquid fuels, which
will burn cleaner and release fewer emissions. Importantly consumption of LNG does not require
significant changes to the infrastructure required for liquid petroleum gas (LPG), making the switch
efficient and cost-effective.
Renergen is the first South African based company to supply LNG, and from domestic supply as opposed
to other imported sources. By 2021, the company will complete its Phase 1 expansion plans of the Virginia
Gas Project and will be producing LNG and helium. This major milestone will see Renergen become the
first distributor of LNG at filling stations (in partnership with Total) in the country and the only domestic
producer of helium.
Renergen anticipates that Phase 2 of the Virginia Gas Project will be available by 2023. The company
expects demand for LNG to increase significantly across South Africa. Phase 2 production at the Virginia
Gas Project will bolster the 2021 Phase 1 production, providing availability of LNG across all major
highways in South Africa, with surplus volume to be made available to the market.
The positive characteristics of LNG is well-established globally, underpinned by an efficient, cost-effective,
and clean energy source for transportation, power generation, and industrial use. LNG is the cleanest-
burning of all hydrocarbons and offers a less carbon-intensive substitute for South Africa’s existing
transport fuel, thermal fuel, and power.
In addition, all interested parties will be required to sign a mutual confidentiality agreement, while all
details relating to the auction will be kept confidential. Information relating to successful bids will also be
kept confidential, including the identities of successful bidders, and will only be made public by mutual
agreement.
For auction details, and to register, go to www.renergen.co.za
Johannesburg
20 July 2020
Authorised by: Stefano Marani
Chief Executive Officer
Designated Advisor
PSG Capital
For Australian Investors and Media, contact Citadel-MAGNUS
Cameron Gilenko
0466 984 953
For South African investor inquiries, contact Renergen
info@renergen.co.za
+2710 045 6000
For South African media inquiries, contact OwnAlchemy
Michael Rubenstein
+2782 903 7797
michael@ownalchemy.com
To readers reviewing this announcement on the Stock Exchange News Service (SENS), this
announcement may contain graphics and/or images that can be found in the PDF version posted on the
Company’s website.
To readers reviewing this announcement who wish to find out more about LNG, watch our LNG video,
which is posted on the Company’s website https://www.renergen.co.za/videos/
www.renergen.co.za
About Renergen
Renergen is an emerging producer of helium and liquefied natural gas (LNG), with existing production and
sales of gas to buses in the Free State. Renergen was listed on Johannesburg’s AltX securities exchange in
June 2015 as South Africa’s first listed alternative and renewable energy company. Renergen listed on the
Australian Securities Exchange (ASX) on the 6 June 2019, with the code RLT. Renergen’s principal asset is
its 100% shareholding in Tetra4, which holds the first and only onshore petroleum production right in
South Africa, giving it a first-mover advantage on the distribution of domestic natural gas, along with the
potential to become one of the major global helium suppliers, making South Africa only the 8th country in
the world to export this extremely rare gas.
Date: 20-07-2020 08:30:00
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