Project Profile
Value: Undisclosed
Location: Po Valley
Start-up Year: -
Independent Resources plans to construct a large underground storage (UGS) facility by storing natural gas in a deep, naturally fractured reservoir in Italy\'s Po Valley. The Rivara project has been granted a provisional long-term concession by Italy\'s Ministry of Economic Development (MSE) which is subject to completion of a satisfactory environmental impact assessment and final approval by MSE. MSE and Italy\'s gas markets regulator (AEEG) are eager to encourage new gas storage capacity in the country to alleviate the well-documented deficit in this sector of the gas supply chain which is a matter of public interest. The company expects to complete this approval procedure in the near term.
Operator:
Independent Resources Gas Management: Operator with 100% interest