Prometheus Energy Begins Construction on Utah LNG Plant

  
    
  
  
    
      Prometheus Energy Company (Prometheus), an alternative and renewable 
      energy company, announced it 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.
    
    
      Notes to Editors
    
    
      Prometheus Energy Company is headquartered in Seattle, Washington. 
      Prometheus is a global alternative and renewable fuel company focused on 
      the idea of Enlightened Energy™, 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.