Renergen Announces Liquefied Natural Gas ("LNG") Supply Agreement to Ceramic Industries (Pty) Ltd
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 ANNOUNCES LIQUEFIED NATURAL GAS ("LNG") SUPPLY AGREEMENT TO
CERAMIC INDUSTRIES (PTY) LTD
Natural gas and helium producer Renergen is pleased to announce the conclusion of a LNG
supply agreement to Ceramic Industries Pty Ltd ("Ceramic"), a subsidiary of Italtile Ltd,
commencing in the first quarter of 2022 from Phase One operations.
The Phase 1 agreement spans five years from date of commencement of supply and will see the
Company supply up to 800 gigajoules of LNG daily at a fixed price with annual escalation linked
to CPI, and includes two further five-year renewal periods at the customer's discretion. The
agreement is subject to several conditions of which the material terms are:
• Renergen successfully commissioning its Phase One operations.
• Renergen commissioning duly permitted facilities to store and supply LNG at customer's
site
• The customer has completed connection of its equipment to the Renergen battery limit
of the facility at its site.
"We are proud to be associated with Ceramic Industries and look forward to building a
longstanding partnership with the company, aimed at reducing its carbon emissions whilst
diversifying energy supply. This marks our second and final industrial contract from Phase One",
said Stefano Marani, CEO of Renergen.
Johannesburg
03 February 2022
Authorised by: Stefano Marani
Chief Executive Officer
Designated Advisor
PSG Capital
For Australian Investors & Media, contact Citadel-MAGNUS
Cameron Gilenko, 0466 984 953
www.renergen.co.za
Date: 03-02-2022 08:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Renergen Ltd. published this content on 03 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2022 06:38:07 UTC.