Renergen Limited announced the conclusion of a LNG supply agreement to Ceramic Industries Pty Ltd, 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.