RENERGEN LIMITED - Renergen and Total Sign Joint LNG Marketing Agreement

Renergen and Total Sign Joint LNG Marketing Agreement

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 AND TOTAL SIGN JOINT LNG MARKETING AGREEMENT


Emerging domestic natural gas and helium producer Renergen is pleased to announce that Total
South Africa Proprietary Limited (“Total”) and the Company signed an agreement for the joint
marketing and distribution of liquefied natural gas (“LNG”) through Total’s service stations.
Renergen is in the construction phase of South Africa’s first commercial LNG plant, and is
anticipating a turn-on date of the plant around the third quarter 2021. The customer base for the
LNG will predominantly be logistics companies operating trucks along the main routes across the
country, with a significant portion of the initial production already allocated to customers. The
LNG displaces diesel usage, reducing operating costs and helping customers meet their
sustainability targets due to the significantly lower greenhouse gas emissions from natural gas
over diesel.

“We are proud to have partnered with a global forward-thinking energy company. Total has a big
focus on sustainability and a proven track record in the LNG space, which was clearly an
advantage. This agreement is intended to provide ideal filling locations for our customers along
strategic routes across the country, and the union will create a powerful first mover advantage in
this exciting space in South Africa,” said CEO of Renergen, Stefano Marani.

“It is a proud moment for Total South Africa as it is yet another first for our company. Total is
committed to better energy and with this partnership we are taking another step towards providing
affordable, reliable and clean energy in line with our Climate Ambition to achieving carbon
neutrality by 2050 together with society. We look forward to working together with Renergen to
continue making a difference in South Africa,” said Mariam Kane-Garcia, MD of Total South
Africa.

The first route targeted under the agreement will be the N3 between Johannesburg and Durban,
followed by the corridors leading to the other major cities once Renergen’s Phase 2 project
comes into production.


Johannesburg
18 June 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, watch our LNG
video, which is posted on the Company’s website https://www.renergen.co.za/videos/

www.renergen.co.za

Date: 18-06-2020 09:00:00
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