Pantheon Resources (GB:PANR) has released an update.
Pantheon Resources PLC has signed a Gas Sales Precedent Agreement with the Alaska Gasline Development Corp., aimed at supplying natural gas from Pantheon’s Alaskan fields to support the state’s energy needs and further the development of the Alaska LNG project. The agreement, which promises economic and environmental benefits for both Alaska and Pantheon, sets a base price and outlines the potential for expanded development and reduced funding costs for the company. This strategic move is set to foster a long-term partnership, enhance project economics, and assist in averting Southcentral Alaska’s energy crisis by 2029.
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