Consol Glass and Renergen Limited Enter into Supply Agreement LNG Supply for Start 2022
August 17, 2021 at 09:00 am EDT
Renergen announced the 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.