Libya's NOC, Eni sign agreement to develop two plots with 6 trillion cubic feet of gas reserves - News Summed Up

Libya's NOC, Eni sign agreement to develop two plots with 6 trillion cubic feet of gas reserves


Register NowThe agreement is the first of its kind in Libya since at least 25 years ago, NOC said in a statement. Eni said on its website that the agreement is intended to increase gas production at two offshore fields and develop them, called "Structures A&E," to supply Libya and Europe. The project also includes the construction of a carbon capture and storage plant in Mellitah, Eni said. In 2021, 3.18 Bcm of gas was supplied in Libya, Eni said on its website. Eni said its 2021 production in Libya was 24 million barrels of oil and condensates, 198 Bcf of gas and 62 million boe of hydrocarbons.


Source: Libya Today January 29, 2023 08:54 UTC



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