Saffron Energy expects third Italian field permission next year

Prospex has been given green light.
Sound Energy news

Saffron energy is aiming to bring its third gas-producing field in northern Italy online in the first quarter of next year.

The London-listed firm had initially expected an agreement from the Emilia Romagna regional government, then permission from the Ministry of Economic Development in Rome to begin production by the end of June this year.

But Saffron now expect the approval to be received in or around the first quarter of 2018.

The facility would add to the company’s two other producing gas fields near Milan and Bologna in the north of the country.