Reabold Resources plc (LSE:RBD) has announced a major step forward in its Colle Santo project in Italy. LNEnergy Limited’s Small-Scale LNG development plan has secured a positive review from the Italian Ministry’s Independent Environmental Impact Assessment Commission. This approval represents a pivotal stage toward obtaining both the final Environmental Impact Assessment (EIA) Ministerial Decree and the Natural Gas Production Concession. Once granted, these permits will allow LNE to bring existing gas wells into production and deliver LNG for transport, supporting Italy’s broader energy and climate strategy.
The Colle Santo project is designed to run entirely on renewable electricity, enabling the production of low-emission LNG that aligns with environmental priorities while providing a reliable energy source for local industries and protecting the Adriatic region. Reabold has recently increased its interest in LNE to 46.2%, underlining its commitment to what it views as a strategically significant development for both Italy and Europe. The initiative contributes to regional energy security while offering LNG as a practical transitional fuel.
About Reabold Resources plc
Reabold Resources is an investment-focused company with a portfolio of oil and gas assets across different stages of development. Its strategy emphasizes backing lower-risk, near-term opportunities with the potential for strong value growth. The company seeks to realize returns by monetizing investments and distributing proceeds to shareholders, while also reinvesting in new projects that can drive future expansion.
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