Europe RNGThis is from an Aneargia news release about a conference call just now .
Impact of Developments in Europe
In light of the current events in eastern Europe, it should be noted that, despite the military conflict and the resulting market volatility, European Renewable Natural Gas (RNG) producers, such as Anaergia, are seeing much higher prices for sales of RNG. Over the last eight months, natural gas prices increased more than fivefold in western European markets. Furthermore, the European Union recently promulgated a new policy that recognizes the environmental benefits of RNG, and ascribes value to them, leading to further increases in RNG prices. As such, assuming no significant changes to current pricing levels, we expect that our plants in Italy, which are to begin production late this year, will likely be significantly more profitable than had been originally projected.