AleAnna Announces Signing of Gas Sale Contract with Shell Energy Europe
AleAnna (NASDAQ: ANNA) has signed a multi-year gas sales agreement with Shell Energy Europe for gas supply from its Longanesi Field in Italy's Emilia-Romagna region. Production is scheduled to commence in Q1 2025. The partnership aims to ensure reliable natural gas delivery across Italy, leveraging Shell's infrastructure and logistics expertise.
The agreement strengthens AleAnna's position in Italy's energy sector, where it manages over 2.3 million acres of resource potential. The company focuses on developing natural gas reserves while advancing renewable energy solutions to support Europe's sustainability and energy security objectives.
AleAnna (NASDAQ: ANNA) ha firmato un accordo di vendita di gas pluriennale con Shell Energy Europe per la fornitura di gas dal suo campo Longanesi nella regione Emilia-Romagna in Italia. La produzione è prevista per iniziare nel primo trimestre del 2025. La partnership mira a garantire la consegna affidabile di gas naturale in tutta Italia, sfruttando l'infrastruttura e l'expertise logistica di Shell.
L'accordo rafforza la posizione di AleAnna nel settore energetico italiano, dove gestisce oltre 2,3 milioni di acri di potenziale risorsa. L'azienda si concentra sullo sviluppo delle riserve di gas naturale, promuovendo nel contempo soluzioni di energia rinnovabile per sostenere gli obiettivi di sostenibilità e sicurezza energetica dell'Europa.
AleAnna (NASDAQ: ANNA) ha firmado un contrato de venta de gas a varios años con Shell Energy Europe para el suministro de gas desde su campo Longanesi en la región de Emilia-Romagna, Italia. La producción está programada para comenzar en el primer trimestre de 2025. La asociación tiene como objetivo garantizar la entrega confiable de gas natural en toda Italia, aprovechando la infraestructura y la experiencia logística de Shell.
El acuerdo refuerza la posición de AleAnna en el sector energético italiano, donde gestiona más de 2,3 millones de acres de potencial de recursos. La empresa se centra en desarrollar reservas de gas natural mientras avanza en soluciones de energía renovable para apoyar los objetivos de sostenibilidad y seguridad energética de Europa.
AleAnna (NASDAQ: ANNA)는 Shell Energy Europe와 이탈리아 에밀리아-로마냐 지역의 롱가네시 유전에서의 가스 공급을 위한 다년간 가스 판매 계약을 체결했습니다. 생산은 2025년 1분기에 시작될 예정입니다. 이 파트너십은 Shell의 인프라와 물류 전문성을 활용하여 이탈리아 전역에 신뢰할 수 있는 천연 가스를 제공하는 것을 목표로 합니다.
이번 계약은 이탈리아 에너지 부문에서 AleAnna의 입지를 강화하며, 회사는 230만 에이커 이상의 자원 잠재력을 관리하고 있습니다. AleAnna는 천연 가스 매장량을 개발하는 데 집중하면서 유럽의 지속 가능성 및 에너지 안전성 목표를 지원하기 위해 재생 에너지 솔루션을 발전시키고 있습니다.
AleAnna (NASDAQ: ANNA) a signé un accord de vente de gaz de plusieurs années avec Shell Energy Europe pour l'approvisionnement en gaz de son champ Longanesi dans la région d'Émilie-Romagne en Italie. La production devrait commencer au premier trimestre de 2025. Ce partenariat vise à garantir une livraison fiable de gaz naturel dans toute l'Italie, en s'appuyant sur l'infrastructure et l'expertise logistique de Shell.
Ce contrat renforce la position d'AleAnna dans le secteur énergétique italien, où elle gère plus de 2,3 millions d'acres de potentiel de ressources. L'entreprise se concentre sur le développement des réserves de gaz naturel tout en avançant des solutions d'énergie renouvelable pour soutenir les objectifs de durabilité et de sécurité énergétique de l'Europe.
AleAnna (NASDAQ: ANNA) hat einen mehrjährigen Erdgasverkaufsvertrag mit Shell Energy Europe für die Erdgasversorgung aus ihrem Longanesi-Feld in der italienischen Region Emilia-Romagna unterzeichnet. Die Produktion soll im ersten Quartal 2025 beginnen. Die Partnerschaft zielt darauf ab, zuverlässige Erdgaslieferungen in ganz Italien zu gewährleisten, indem die Infrastruktur und die Logistikexpertise von Shell genutzt werden.
Die Vereinbarung stärkt die Position von AleAnna im italienischen Energiesektor, wo das Unternehmen über 2,3 Millionen Acres an Ressourcenpotenzial verwaltet. Das Unternehmen konzentriert sich darauf, Erdgasvorkommen zu entwickeln und gleichzeitig erneuerbare Energielösungen voranzutreiben, um die Nachhaltigkeits- und Energiesicherheitsziele Europas zu unterstützen.
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Insights
The gas sales agreement with Shell Energy Europe represents a strategic milestone for AleAnna, securing a reliable revenue stream for their Longanesi Field production. Shell's extensive European market presence and infrastructure provides AleAnna with a guaranteed offtake agreement, significantly de-risking the project's commercialization phase. The timing aligns perfectly with the field's expected production start in Q1 2025.
Italy's domestic gas market dynamics make this deal particularly valuable. The country imports approximately <percent>95%</percent> of its natural gas needs, making domestic production important for energy security. The Longanesi Field's strategic location in Emilia-Romagna positions it well to serve local industrial demand centers. This multi-year contract provides predictable cash flow visibility and strengthens AleAnna's market position in Italy's energy transition landscape.
This agreement substantially enhances AleAnna's financial profile by securing a creditworthy counterparty in Shell Energy Europe. While specific pricing terms aren't disclosed, having a guaranteed buyer for Longanesi's production significantly improves project bankability and future financing options. For a company with a market cap of <money>$83.67M</money>, this contract provides important revenue visibility and potentially enables easier access to capital for future development projects across their 2.3 million acre portfolio.
The partnership with Shell also adds institutional credibility, potentially attracting broader investor interest and improving AleAnna's market standing. This could lead to better valuation multiples as the company transitions from development to production phase in 2025.
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 and ROME, Dec. 19, 2024 (GLOBE NEWSWIRE) -- 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 Dirks
wkdirks@aleannagroup.com
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