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AleAnna Secures A Contract To Sell Its Gas To Shell Energy Europe Ltd, A Leading Natural Gas, Power And Environmental Trading Company Across European Markets
AleAnna has signed a multi-year gas sales agreement with Shell Energy Europe Ltd for its share of the Longanesi production to ensure secure natural gas
Longanesi production is expected to commence in Q1 2025
Dallas, TX and Rome, IT − December 18, 2024 − AleAnna, a leading energy company in Italy, has signed an exclusive gas supply agreement with Shell Energy Europe Ltd. This significant contract reinforces AleAnna’s long-term commitment to Italy and its flagship Longanesi project.
The gas will be supplied from the Longanesi field, located in the Emilia-Romagna region of Italy, with production scheduled to commence in the first quarter of 2025. This agreement marks an important milestone for AleAnna, demonstrating its dedication to delivering clean and secure energy to meet Italy’s domestic needs.
Partnering with Shell Energy Europe Ltd is essential to ensuring that AleAnna’s customers receive reliable and uninterrupted access to natural gas. This collaboration reinforces a dependable supply chain, even in volatile markets, and reinforces AleAnna’s ability to meet the energy needs of domestic consumers and businesses.
This multiyear partnership underscores AleAnna’s strategic focus on responsibly developing Italy’s natural gas resources, providing a reliable energy supply while contributing to the nation’s energy security and sustainability objectives.
Marco Brun, CEO of AleAnna stated: “This agreement highlights the strong and constructive collaboration between Shell Energy Europe and AleAnna. AleAnna’s use of advanced reservoir characterization technologies will ensure the efficient and responsible development of AleAnna’s substantial resource base, positioning AleAnna as a key contributor to Italy’s energy security and sustainability. AleAnna is excited about future developments and the prospect to further collaboration with Shell Energy Europe so to unlock long-term potential and deliver reliable, clean energy to Italy and the broader European market.”
About AleAnna
AleAnna is a technology-driven energy company leveraging advanced technologies to optimize reservoir performance and expand its renewable natural gas (RNG) portfolio. AleAnna has over 140,000 acres of owned 3D seismic data to unlock Italy's natural gas reserves, supporting Europe’s sustainability and energy security goals. Centered in the Po Valley, AleAnna has $70 million (PV10) of Proved Reserves; $90 million (PV10) of Probable Reserves; and $115 million (PV10) of Possible Reserves. Moreover, 18 additional prospects have a mean estimate of .220 Tcf Prospective Resources. AleAnna’s total oil and gas holdings exceed 2.7 million acres (including approximately 400,000 acres of licenses currently under suspension due to the Pitesai, whose formal repeal is pending. AleAnna’s holdings include one production concession covering 6,600 acres, 15 applications (which can be converted to licenses at AleAnna’s request) encompassing 1.8 million acres, and 13 permits totaling 940,000 acres. AleAnna owns 33.5% of Longanesi, Italy’s most significant onshore natural gas discovery in over two decades. With three major Po Valley discoveries already made and fourteen natural gas projects planned this decade, AleAnna plays a pivotal role in Italy’s energy transition. The Po Valley's extensive infrastructure, featuring 33,000 kilometers of gas pipelines, three major storage facilities, and over 60% of Italy’s RNG facilities, aligns with AleAnna’s commitment to sustainability. AleAnna’s RNG portfolio includes over 100 projects representing approximately €1.1 billion investment and potential investment, including three operational projects; 8 projects in negotiation with €80 million potential investment; 9 projects in due diligence with €100 million potential investment; 7 projects in advanced evaluation with €90 million potential investment; and 73 projects in early evaluation with €770 million potential investment. AleAnna operates regional headquarters in Dallas, Texas, and Rome, Italy.
Investor Relations Contact
Bill Dirks
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