AleAnna Inc. has announced strong early production and revenue results at the Longanesi Field, achieving its targeted maximum 2025 production rate of approximately 28 million cubic feet per day in less than six weeks of operation. This figure was reached well ahead of the anticipated three-month timeline for achieving this milestone. The company, in partnership with Societa Padana Energia, has recorded more than six weeks of continuous production with steadily increasing daily rates. The stabilized natural gas production rate has translated into significant financial performance, with revenues exceeding $100,000 per day for AleAnna, driven by strong natural gas prices in Italy, which have averaged about $13.50 per thousand cubic feet over the last six weeks. The robust production and favorable pricing environment underscore Longanesi's potential as a key driver of mid-to-long-term growth for AleAnna. Looking ahead, the European Union's goal of eliminating Russian natural gas imports by 2027 is anticipated to create increased demand for domestic natural gas in Italy, providing a favorable outlook for AleAnna's operations. Further expansions of reserves and increases in daily production are expected, enhancing the company's growth prospects in the coming years.
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