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LNG Auction Registration Process Complete
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”)
LNG AUCTION REGISTRATION PROCESS COMPLETE
Domestic natural gas and helium producer Renergen is pleased to provide an update on the
progress of South Africa’s first Liquefied Natural Gas (“LNG”) auction.
Interested parties had until the close of business Friday 28 August 2020, to register interest in
participating in the auction. The number of registrations has significantly exceeded expectations,
demonstrating the inherent demand of the domestic market for alternative energy supplies.
Respondents are finalising non-disclosure agreements, which will allow information sharing to
commence and ascertain any specific site-requirements allowing for the switch from other fuels
to LNG. Once the information sharing process has been completed, bidders will have until the
end of October to submit their bids for LNG. Renergen will then assess all bids and allocate
accordingly.
“We expected some interest but certainly not the level received, with significantly more companies
involved in the auction process than we had forecasted. Many companies in South Africa have
their own procurement departments dealing in energy and an auction such as this would never
feature in their operational processes, however we were pleasantly surprised to be proved wrong.
“We now look forward to completing the information sharing process and assessing all bids
received” said Stefano Marani, CEO.
Johannesburg
2 September 2020
Authorised by: Stefano Marani
Chief Executive Officer
Designated Advisor
PSG Capital
For Australian Investors & Media, contact Citadel-MAGNUS
Cameron Gilenko, 0466 984 953
To readers reviewing this announcement on the Stock Exchange News Service (SENS), this
announcement may contain graphics and/or images which 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 and helium,
please watch our videos, which are posted on the Company’s website.
www.renergen.co.za
Date: 02-09-2020 02:00:00
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