Prospex Energy Says Italian Concession Operator Signs Gas Sales Agreement
14 February 2023 - 8:32PM
Dow Jones News
By Anthony O. Goriainoff
Prospex Energy PLC said Tuesday that the operator of the Selva
Malvezzi production concession--where it has a 37% interest--has
signed a gas sales agreement, or GSA, with BP Gas Marketing Ltd, a
subsidiary of BP International Ltd.
The London-listed energy investment company said that under the
agreement BP Gas Marketing will purchase the forecast gas
production from the soon-to-be-competed Podere Maiar-1 production
facility in Italy.
The 18-month GSA will start on April 1 and has the potential to
be extended, the company said. Prospex expects an estimated 37
million standard cubic meters of natural gas to be supplied under
the contract, it said.
"First gas is still on track for early in the second quarter of
2023, on schedule and on budget," Chief Executive Mark Routh
said.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
February 14, 2023 04:17 ET (09:17 GMT)
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