Sunday 12 February 2023
Last update on Sunday, February 12, 2023 At 7:00 AM
As part of the visit to Tripoli by Italian Prime Minister Giorgia Meloni on January 28, the signing of an agreement between ENI and the NOC on the launch of an offshore gas project off the coast of Libya was announced.
The strategic project led by Fahrat Bengdara, President of the NOC and Claudio Descalzi, CEO of ENI, consists of launching operations for the exploitation of two offshore gas fields.
The objective is to achieve a production of 750 M cubic feet of gas per day, or 7.6 billion m3 over one year, to be compared with the annual capacity of the Greenstream gas pipeline, linking Libya to Sicily, from 11 billion m3 per year, used today at less than 30% of its capacity.
The total amount of investments should amount to 8 billion USD. ENI has been present in Libya since 1959 and is today the first foreign company in Libya in the field of hydrocarbons and produces around 80% of Libyan natural gas, in cooperation with NOC within the framework of the joint venture Mellitah Oil and Gas BV, owned equally by the two companies.
The hydrocarbons minister of the national unity government rejected the agreement, deeming it illegal, unfavorable to Libya and protested against the sidelining of his ministry.
Source : Embassy of France in Tunisia
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