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RENERGEN LIMITED - Consol Glass and Renergen Agree LNG Supply For Start 2022

Release Date: 17/08/2021 15:00
Code(s): REN     PDF:  
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Consol Glass and Renergen Agree LNG Supply For Start 2022

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”)


Natural gas and helium producer Renergen is pleased to announce the conclusion of a liquefied
natural gas, or LNG, supply agreement to Consol Glass, starting in January 2022, shortly after
the commissioning of the Virginia Gas Project’s Phase 1.

The contract is a 5 year contract, and will carry a price which will be linked to the floating LPG
price in South Africa, as published by the Department of Mineral Resources and Energy. The
supply volumes will be ramped up over a period of 3 months, reaching an approximate volume
of 14 Tons per day within 3 months from commencement as the necessary equipment is installed
and tested.

This contract marks the first one for the Company which isn’t linked to the supply of gas to trucks
for the substitution of diesel.

“This is an extremely proud moment for the Company. Consol is one of those household names
you knew from childhood, and for a young business like ours to be entering into supply
agreements such as these with Consol is one that has created significant excitement in the
business. It also shows the increasing emphasis that companies are placing on reducing their
carbon footprint, and our LNG is the perfect way to do this in an innovative way which gives the
end user greater predictability in their future energy prices. We look forward to nurturing this
relationship and can’t wait to engage on Phase 2 in due course,” said CEO Stefano Marani.

17 August 2021

Authorised by: Stefano Marani
Chief Executive Officer

Designated Advisor
PSG Capital

For Australian Investors & Media, contact Citadel-MAGNUS
Cameron Gilenko, 0466 984 953

Date: 17-08-2021 03:00:00
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