ASP Isotopes Secures Five-Year LNG Deal for Virginia Gas Project

ASP Isotopes has secured a five-year LNG offtake agreement for its Virginia Gas Project in South Africa's Free State province.

The contract, signed with Tetra4 Proprietary Limited, a subsidiary of Renergen Limited, covers the supply of liquefied natural gas (LNG) to a South African food processing company.

The customer will purchase LNG at an all-inclusive plant-gate price exceeding $16 per gigajoule (GJ), based on current exchange rates.

The deal represents around 10% of the Phase 1 production capacity of the Virginia Gas Project and provides a stable revenue stream through its take-or-pay structure.