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AleAnna, Inc. Kicks Off Production at Longanesi Field

Cyrus ColeThursday, Mar 13, 2025 6:56 am ET
2min read

In a significant move for Italy's energy landscape, aleanna, Inc. has announced the near-term start of production at its Longanesi field. This development is a major milestone for the company, which has been strategically positioning itself as a key player in Europe's transition to sustainable energy. The Longanesi field, located in the Province of Ravenna in Northern Italy, is expected to play a pivotal role in reducing Europe’s natural gas supply gap and strengthening Italy’s energy security.



A Strategic Milestone

The commencement of production at Longanesi aligns perfectly with AleAnna's strategic goals. The field, which contains net recoverable Proved natural gas reserves of 17.3 Bcf, net Probable reserves of 10.6 Bcf, and net Possible reserves of 10.7 Bcf, is characterized by high permeability turbidite reservoirs. This geological feature ensures a predictable and strong EBITDA profile, with moderate decline rates expected over several years. The field's development includes the construction, testing, and commissioning of critical infrastructure, such as wells, pipelines, and facilities, all of which have been successfully completed.

Economic and Environmental Benefits

The economic benefits of AleAnna's investment in the Longanesi field are substantial. The company has signed a multi-year gas sales agreement with shell Energy Europe Ltd., ensuring a stable revenue stream. This agreement not only provides financial stability but also enhances AleAnna's market position in the European natural gas sector. The partnership with Shell, a leading natural gas, power, and environmental trading company, adds credibility and market presence to AleAnna's operations.

Environmentally, the Longanesi field supports AleAnna's commitment to sustainable energy solutions. The company's focus on renewable natural gas (RNG) and low-carbon natural gas aligns with Europe's goals for a cleaner energy future. AleAnna's RNG portfolio includes over 100 projects, representing approximately €1.1 billion in potential investment. These projects not only reduce carbon emissions but also support local farmers by turning organic waste into carbon-negative power.

Long-Term Impact

Over the next decade, the Longanesi field is expected to have a significant impact on Italy's energy security and Europe's transition to sustainable energy. The field's production capabilities will help address the gap in natural gas supply left by the loss of Russian gas imports, especially during the cold winter season when gas storage levels are critically low. AleAnna's phased development approach underscores its commitment to strengthening Italy's long-term energy security while supporting the global transition to cleaner and more sustainable energy.

Conclusion

AleAnna, Inc.'s announcement of the near-term start of production at the Longanesi field is a testament to the company's strategic vision and commitment to sustainable energy solutions. With a stable revenue stream from its gas sales agreement with Shell Energy Europe Ltd. and a strong focus on RNG, AleAnna is well-positioned to play a pivotal role in Europe's energy transition. As the company continues to develop its portfolio of conventional and renewable natural gas projects, it is poised to enhance Italy's energy security and contribute to a more sustainable future.
Comments

Post
southernemper0r
03/13
AleANNA's move is smart; conventional gas now, then pivot to RNG for long-term gains. 🚀
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neurologique
03/13
@southernemper0r Agreed, AleANNA's move is lit.
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khasan14
03/13
@southernemper0r What's next for AleANNA?
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NoBicDeal
03/13
Longanesi's reserves are solid. Predictable EBITDA is what investors love. Steady climb expected, no rollercoaster here.
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Urselff
03/13
@NoBicDeal Solid EBITDA, but watch AleANNA's debt. It's high, around $650M. Could impact their steady climb.
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Fauster
03/13
@NoBicDeal Longanesi's reserves are gold. Investors will dig this steady ride.
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lies_are_comforting
03/13
RNG is where it's at. Turning waste into power is genius. Local farmers benefit, emissions drop. Win-win.
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Ogulcan0815
03/13
AleANNA's got the strategy right. Conventional and renewable gas projects? That's diversification on steroids.
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ImplementEither7716
03/13
AleANNA's move = 🚀 to energy stardom
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googo69
03/13
@ImplementEither7716 What's your price target for AleANNA?
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RamBamBooey
03/13
AleANNA's field is a goldmine, literally. With billions in potential investment, they're not playing around.
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InjuryIll2998
03/13
RNG projects = carbon-negative power FLEX
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TY5ieZZCfRQJjAs
03/13
@InjuryIll2998 RNG's cool, but FLEX ain't cheap.
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TeslaCoin1000000
03/13
Organic waste into carbon-negative power? That's not just green energy, it's next-level green. 🌿
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Electrical_Green_258
03/13
SHELl deal boosts AleANNA's cred big time
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pais_tropical
03/13
@Electrical_Green_258 Lol, SHELl boosting AleANNA's cred? That's rich.
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DrSilentNut
03/13
@Electrical_Green_258 SHEL deal looks solid, but ANNA's EBITDA profile is the real M.V.P here.
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whatclimatecrisis
03/13
Cold winters in Europe won't be as scary with Longanesi producing. Gas storage levels stay healthy. Crisis management, AleANNA style.
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SelectHuckleberrys
03/13
AleANNA's move is smart. Longanesi field could be a game-changer. Natural gas with a sustainable twist is the future. 🚀
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Throwaway7131923
03/13
Holding $AAPL, but watching AleANNA's play
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lookingforfinaltix
03/13
@Throwaway7131923 How long you been holding AAPL? Curious if you think AleANNA could rival big energy players.
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DrMoveit
03/13
SHELl partnership boosts AleANNA's cred. That's some big league collaboration. They're playing in the majors now.
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freekittykitty
03/13
Italy's energy security gets a boost. Less reliance on Russia means more stability. Long-term thinking is smart politics.
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turkeychicken
03/13
Longanesi field: gas goldmine or climate savior?
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WoodKite
03/13
@turkeychicken Not sure, but AleANNA's play seems solid.
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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
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