Prospex Oil and Gas (GB:PXEN) has released an update.
Prospex Energy PLC has announced a significant boost for its Spanish natural gas production operations, with the Spanish government extending the El Romeral production concessions for a full ten years, until July 2034. This permits the company to continue supplying electricity to the grid, with potential for further extensions. Additionally, Prospex’s partner company, Tarba Energía S.L., is innovating with a hybrid natural gas and solar energy project aimed at increasing the energy supply and supporting the ecological transition process.
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