ASPI Subsidiary Secures 5-Year Take-or-Pay LNG Supply Contract in South Africa

ASP Isotopes (ASPI) announced that its subsidiary, Renergen Limited, has secured a new five-year, take-or-pay contract through its subsidiary Tetra4 to supply liquified natural gas (LNG) from its Virginia Gas Project in South Africa. The agreement is with a domestic food processor and supports the commercialization of the project's Phase 1, which is expected to be completed in the third quarter of 2026.

Key Details

• Contract Terms: The agreement is a five-year, take-or-pay contract priced at over $16 per gigajoule (GJ) of LNG.
• Project Impact: This contract represents approximately 10% of the Virginia Gas Project's Phase 1 capacity, bringing the total contracted LNG volume for Phase 1 to approximately 75%.
• Timeline & Outlook: Commercial operations for Phase 1 are targeted to begin in Q3 2026. Once complete, Phase 1 is expected to generate over $27 million in annualized revenue from both LNG and liquid helium sales.