PEC Prometheus Regs

RNS Number:6642L
Prometheus Energy Co
14 January 2008



FOR IMMEDIATE RELEASE





                           Prometheus Energy Company
                        ("Prometheus" or the "Company")



                PROMETHEUS BEGINS CONSTRUCTION ON UTAH LNG PLANT


14 January 2008


Prometheus Energy, an alternative and renewable energy company, has begun
construction on its liquid natural gas (LNG) production plant in Lisbon, Utah.
Commercial production of 12,000 gallons of LNG per day is expected to begin in
the second quarter of 2008. The project's second phase will commence later this
year and will increase plant output to 22,000 gallons per day.


The Lisbon site is in addition to Prometheus' projects in California, including
at the Bowerman Landfill and a site in Fresno County providing Prometheus access
to gas resources capable of producing around 37,000 gallons of LNG per day by
year end. Prometheus also has obtained its building permit for the 10,000 gallon
per day facility at the Krupinski Coal Mine in Poland and expects to break
ground on that project by the end of March or earlier as weather permits.


"Beginning construction on the Lisbon plant is another major milestone for
Prometheus as we continue to develop diverse supply sources for the natural gas
vehicle market. Approximately 200,000 gallons of LNG is consumed in the US every
day and the market continues to grow steadily," said Prometheus CEO, Kirt W.
Montague.


Prometheus signed a contract with North American-based natural gas producer,
EnCana Oil & Gas (USA), Inc. in the fall of 2007 to acquire residue (methane)
gas from its cryogenic natural gas processing facility in San Juan County, Utah.
LNG produced at the Lisbon plant will be transported via tanker to vehicle fleet
customers in the Western US, displacing nearly 3.5 million gallons of diesel
fuel annually.


This press release does not constitute an offer for the sale of securities in
the United States. Prometheus' securities are restricted under US securities
laws and may not be offered or sold in the United States absent a registration
statement or a valid exemption from registration.



For further information:

Prometheus Energy Company                               +1 206 267 0800
Kirt Montague (Chief Executive Officer)
Jeff Spencer (Chief Financial Officer)

Jefferies International Limited                         +44 20 7618 3500
Charles Cameron
Oliver Griffiths

Cubitt Consulting                                       +44 20 7367 5100
Simon Brocklebank- Fowler
Michael Henman
Allison Reid





Notes to Editors


Prometheus Energy Company is a public corporation with its shares traded on the
London Stock Exchange's AIM market. It is headquartered in Seattle, Washington.
Prometheus is a global alternative and renewable fuel company focused on the
idea of Enlightened EnergyTM, where sustainable and cleaner fuel in the form of
liquid natural gas (LNG) is made from waste sources of methane produced close to
where it will be used. The Company is an emerging leader in integrating
small-scale purification and liquefaction systems to produce LNG from sources
including landfill gas, stranded gas wells and coalbed/coalmine methane. For
more information concerning Prometheus please contact us at (206) 267-0800 or
visit www.Prometheus-Energy.com.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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