RE: Dear Reabold,16 Nov 2023 23:28
The RNS on September 5 reads,
'Following a review with the heads of Environment, Energy, and Mining of the Abruzzo Region, the Abruzzo regional government confirmed its agreement with, and intention to approve, by decree, the Early Production Programme for the Colle Santo gas field, allowing early revenue generation from the Colle Santo project.'
The key word above is INTENTION,
'It is anticipated that the formal decree from the Abruzzo Region will be provided over the coming months and accordingly, LNEnergy, has entered the operational phase of development at the Colle Santo gas field.'
The key word above is ANTICIPATED,
' accordingly, LNEnergy, has entered the operational phase of development at the Colle Santo gas field.'
One wonders what operational work has been carried out whilst all we have is 'intention' and 'anticipation'?
After 'Ponte Morandi' I suspect the structural integrity of man made structures, eg Dams, are very stringent in Italy!
My concern is the lack of proper due diligence done on this project if the nearby dam is a reason for the decree not being passed, we wait and watch.