Company/Our story
Twenty years of building Italy's home-grown gas supply
We explore for, develop and produce natural gas for Italy's domestic market.
Who we are
We know how to take an Italian gas licence from permit to production.
At a glance
- PVE
- ASX code · also OTCQB: PVLEF
- 20+
- Years operating in Italy
- 3
- Gas licences in northern Italy
We have managed every stage of exploration and production through Italy's regulatory process, and brought several licences into production. Our wholly owned subsidiary, Po Valley Operations, holds all of our licences and permits.
Company overview
Our gas fields in northern Italy.
Indicative locations, not to scale
Onshore gas · Producing
Selva Malvezzi
- Our interest
- 63%, operator
- Net 2P reserves
- 8.4 Bcf
- 2C resource
- 8.9 Bcf
- Grid access
- 1 km to the national grid
- Next step
- Four new wells, EIA admissible
Offshore gas · Development
Teodorico
- Our interest
- 100%
- 2P reserves
- 37 Bcf
- 2C resource
- 10.6 Bcf
- Location
- Adriatic Sea, near existing infrastructure
- Next step
- [Permitting status: confirm with PVE]
Onshore gas · Exploration
Torre del Moro
- Our interest
- 100%
- Stage
- Onshore gas exploration prospect
Reserves and resources: CGG Competent Person's Report, July 2022 (ASX announcement, 26 July 2022).
Select a field on the map to see what we own and where it is heading.
Our journey
From the end of a monopoly to new gas in the grid.
1945
Gas production begins in the Po Valley, run by Eni.
1998
EU rules open Italy's gas market. Eni returns licences, which are offered to new operators.
2004
We list on the ASX on 14 December.
2009
We become the first company to bring new production to the Po Valley since the monopoly ended.
2023
Podere Maiar-1 at Selva starts flowing gas into the national grid in July.
2026
We adopt a dividend policy, and our four-well Selva program is declared admissible for environmental review.
Why our gas matters
Italy needs its own gas.
We are bridging the gap.
-
01 · The gap
Italy imports most of its gas.
92%
of Italy's gas consumption is imported. Italy is Europe's third-largest gas consumer, and gas generates 42% of its power.
-
02 · The push
Europe wants its own supply.
- 2022Europe starts pushing to secure its own gas supply.
- 2026Italy appoints regional commissioners to speed up new domestic production.
-
03 · Our role
We produce gas in Italy, for Italy.
4 wells
Our Selva gas already flows into the national grid, sold to Hera Trading. Four new wells would add more, while Italy is backing domestic supply.
See our growth plan →
Where Italy's gas goes
29,300 km
Of gas pipeline across mainland Italy
[Source and year to confirm with PVE]