AleAnna Announces Signing of Gas Sale Contract with Shell Energy Europe
19 December 2024 - 11:00PM
AleAnna (Nasdaq: ANNA), 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. Shell's extensive
infrastructure, logistics expertise, and market reach enable
efficient and timely delivery of gas from the Longanesi Field to
end-users across Italy. This collaboration guarantees 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 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 collaboration between
Shell and AleAnna and reflects the long-term constructive
relationship between AleAnna’s senior management and board of
directors and Shell. 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. Importantly, Shell and AleAnna are excited to
work together on the Longanesi project and AleAnna’s future
developments, unlocking long-term potential to deliver reliable,
clean energy to Italy and the broader European market.”
About AleAnna
AleAnna is a forward-thinking energy company
dedicated to harnessing Italy's abundant natural gas reserves while
advancing renewable energy solutions to meet customers' growing
energy needs. Committed to supporting Europe's sustainability and
energy security objectives, AleAnna manages a vast portfolio
spanning over 2.3 million acres of resource potential. By
leveraging state-of-the-art reservoir characterization and
renewable natural gas technologies and innovative practices,
AleAnna is positioned to lead Italy’s energy transition, delivering
solutions that balance environmental responsibility with
operational excellence. With regional headquarters in Dallas,
Texas, and Rome, Italy, AleAnna operates as a dynamic force in the
energy sector, driving global and local initiatives that shape a
sustainable and secure energy future.
Investor Relations Contact
Bill Dirkswkdirks@aleannagroup.com
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