LONDON (Alliance News) - Sound Oil announced Thursday the signing of a gas sales agreement for the Casa Tonetto production concession, with Shell Energy Italia Srl.
The Mediterranean focused upstream gas company said the Casa Tonetto production concession will include the Nervesa gas field. Shell Energy Italia is the local arm of Shell Energy Europe Ltd, which is Royal Dutch Shell PLC's gas, power and emissions trading entity in Europe.
"I am very pleased to report the signature of the gas sales agreement, which increases our exposure to Italian gas market and represents the first relationship with the Shell Group," said Sound Oil Chief Executive Officer James Parsons.
By Preten Patel; pretenpatel@alliancenews.com
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Sound Energy (SOU)