January 30, 2023, by Nadja SkopljakItalian oil and gas company Eni and the National Oil Corporation of Libya (NOC) have signed an agreement for the development of a strategic project aimed at increasing gas production to supply the Libyan market as well as to ensure export to Europe. The combined gas production from the two structures is expected to start in 2026 and reach a plateau of 750 million of standard gas cubic feet per day. The project is said to be the first major project in Libya since early 2000. Eni has been operating in Libya since 1959, with a share of 80 per cent of the national production (1.6 bscfd in 2022). Operations are run through the joint company Mellitah Oil and Gas BV, in which Eni and NOC each hold 50 per cent.

Source: Libya Today January 30, 2023 08:41 UTC