Italy’s Eni signs gas production deal with Libya
Production capacity of up to 800 million cubic feet of gas per day
Italian energy company Eni and Libya’s National Oil Corporation (NOC) have signed an $8 billion gas production deal, Eni’s chief executive Claudio Descalzi said on Saturday.
The deal, which was signed against the backdrop of a trip by Italian Prime Minister Giorgia Meloni to Tripoli, will also entail carbon capture projects and solar energy, Descalzi said at a news conference.
The deal will have a duration of 25 years and have production capacity of up to 800 million cubic feet of gas per day, NOC chairman Farhat Bengdara said.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to firstname.lastname@example.org. Please include ‘Op-Ed’ in the subject line.
- UK calls on Iran to prevent escalation in Israel-Hamas conflict - November 05, 2023
- Libyan Interior Minister: Immigrant shelter costs a fortune - November 05, 2023
- Libya’s political crisis can only be resolved through elections, says Russian ambassador - November 05, 2023