Business
Statement re. Press Comment
Statement re. Press Comment.
About this update from Nativo Resources Plc
[{"type":"text","content":"\n RNS Number : 0768M Independent Resources PLC 22 January 2009 \n \n22 January 2009\nIndependent Resources plc ('IRG' or the 'Company')\nRe Rivara\nStatement re Press Comment\n\nIndependent Resources, the AIM-quoted natural gas storage and exploration company, notes the press article that was published in The Times in London on 20 January 2009 which, the directors of IRG believe, results from comments in the Italian press by the Italian Prime Minister's undersecretary Carlo Giovanardi, discussing his conversations with the Italian Economic Development Minister, Minister Scajola. The press articles are translated below.\n\nWhilst the Company remains confident that Rivara is set to become an important asset in respect of Italy's security of energy supply, it continues to be aware of the need for the careful involvement of all the parties affected by the planned development of Rivara, at all levels of government.\n\nIRG is currently seeking environmental approvals ahead of the planned development of Rivara. The Company is currently working to ensure full compliance with Italy's stringent environmental and planning regulations. Despite the press articles, the Directors are not aware of any change in relation to the timing of approval process for Rivara.\n\nA translation of the articles appears below:\nPress Agency ANSA Modena 08.01.09 - Minister Scajola has confirmed to me the preoccupation of the entire government regarding the scarce gas storage capacity in our country, aggravated by the fact that during the past two years under the Prodi government there has been no significant improvement of the situation. So affirms the Prime Minister's undersecretary Carlo Giovanardi, who at Palazzo Chigi met with the Minister of Industry Claudio Scajola to examine - in a statement - the situation that has been created in Italy following the decision by Russia to cut gas supplies to the Ukraine. The Italian government therefore regards as strategic the increase in gas storage capacity in our country and towards this end Minister Scajola - adds Giovanardi - has informed me of an imminent simplification of the procedures with the dual objective of augmenting the quantity of stored gas and to guarantee the future stability of prices at consumption. In this context n...