AleAnna, Inc. Announces Receipt of Regional Approval for its Gradizza Field Development Project
This Milestone Represents the Final Approval Required Prior to Ministry Award of a Production Concession
- The Emilia-Romagna Region in Italy has agreed to enter into a formal agreement (the Intesa) with the Ministry of Environment and Energy Security (MISE) for the issuance of a Production Concession to AleAnna for the Gradizza Field.
- Once granted, the Production Concession will authorize AleAnna to begin construction and connect the Gradizza Field to the necessary infrastructure.
DALLAS and ROME, Aug. 12, 2025 (GLOBE NEWSWIRE) -- AleAnna, Inc. ("AleAnna" or the "Company") (NASDAQ:ANNA) is pleased to announce the receipt of an Intesa (Regional approval notice) from the Emilia-Romagna Region, granting their approval for development of the Gradizza Field near the towns of Tresignana and Copparo, Italy. Receipt of the Intesa is an important next step in the Company's journey to becoming a leading provider of sustainable natural gas in Europe.
This milestone underscores AleAnna's ability to work proactively with National, Regional, and Community authorities to achieve their support for development of important new sources of domestic natural gas, strengthening Italy's energy security and supporting Europe's transition to sustainable energy.
Gradizza Field
Located in Northern Italy in the Province of Ferrara, the Gradizza field (AleAnna working interest 100%) is a key piece of AleAnna's plan for a near-term increase in natural gas production and EBITDA growth. Gradizza will be AleAnna's first fully-owned and operated development. Following receipt of a formal Production Concession from the Italian Ministry of Environment and Energy Security (MISE), it is anticipated that construction could be completed and the field brought online within 12-18 months.
The Gradizza Field contains net Proved reserves of 0.4 Bcf, net Probable reserves of 0.8 Bcf and net Possible reserves of 5.6 Bcf according to DeGolyer and MacNaughton, AleAnna's independent reserves auditor. Gradizza is characterized by high permeability turbidite reservoirs similar to those found in AleAnna' previously-developed Longanesi field, and will be produced from a single well and a small-footprint processing facility.
Management Commentary
Marco Brun, Chief Executive Officer, commented: "Receipt of the Gradizza Intesa is strong validation of AleAnna's success in bringing new sources of natural gas to Italy. AleAnna has worked tirelessly to engage constructively with national, regional, and community stakeholders to advance projects that contribute to Italy's energy independence and support Europe's broader energy transition goals. We look forward to working with MISE to secure the Production Concession. Gradizza represents a major step forward for the company as our first fully owned and operated development".
About AleAnna
AleAnna is a technology-driven energy company focused on bringing sustainability and new supplies of low-carbon natural gas and RNG to Italy, aligning traditional energy operations with renewable solutions, with developments like the Longanesi field leading the way in supporting a responsible energy transition. With three conventional gas discoveries in Italy already made and fourteen new natural gas exploration projects planned this decade, AleAnna plays a pivotal role in Italy's energy transition. Italy's extensive infrastructure, featuring 33,000 kilometers of gas pipelines, three major gas storage facilities, and a strong base of existing RNG facilities, aligns with AleAnna's commitment to sustainability. AleAnna's RNG projects' portfolio includes three plants under development and almost 100 projects representing approximately €1.1 billion potential investment in the next few years. AleAnna operates regional headquarters in Dallas, Texas, and Rome, Italy.
Forward-Looking Statements
The information included herein contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain statements, other than statements of present or historical fact included herein regarding AleAnna's future operations, financial position, plans and objectives are forward-looking statements. When used herein, including any statements made in connection herewith, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," and other similar expressions are forward-looking statements. However, not all forward-looking statements contain such identifying words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on AleAnna's current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of AleAnna's control. AleAnna's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements, which speak only as of the date made. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, but are not limited to, those under "Risk Factors" in AleAnna's definitive proxy statement/prospectus filed by AleAnna with the SEC on November 21, 2024, as well as general economic conditions; AleAnna's need for additional capital; risks associated with the growth of AleAnna's business; and changes in the regulatory environment in which AleAnna operates. Additional information concerning these and other factors that may impact AleAnna's expectations and projections can be found in filings it makes with the SEC, and other documents filed or to be filed with the SEC by AleAnna. SEC filings are available on the SEC's website at www.sec.gov. Except as otherwise required by applicable law, AleAnna disclaims any duty to update any forward-looking statements, all expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof.
Investor Relations Contact
Bill Dirks
[email protected]
Website
https://www.aleannainc.com/
