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Italian Firm To Develop Gas Field Near Milan

Italian gas exploring company Po Valley Energy has won environmental approval to develop its Castello gas field near Milan

Italian Firm To Develop Gas Field Near Milan

Italian gas exploring company Po Valley Energy has won environmental approval to develop its Castello gas field near Milan, with work on the project already underway.

Po Valley also won approval from the administration of the Lombardia Region to develop the company’s Sillaro gas field, near Bologna, in January this year – with about 30 per cent of surface plant equipment finalised and production from both sites expected by December 2008.

Po Valley chief executive Michael Masterman said the company hoped to achieve a final concession grant from the Italian government by May – with three months leeway – while production at Castello was targeted to commence two months later.

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