But there is a refusal from France to allow any increase in the 7 billion cubic metre gas pipeline that transports gas north. Algeria has 4,500 billion cubic metres of proven reserves and 20–25 trillion cubic metres of unconventional gas reserves, the third largest. Libya already sends gas to Italy via the Green Stream pipeline total and Eni Ready billion-dollar energy projects in Libya. Libya has some of Africa’s biggest oil and gas reserves and is in close proximity to Europe, which is the continent’s biggest energy supplier. Eni’s investment is the largest in Libya for years, and the company, which has operated in Libya since the 1950s, wants to make oil, gas, and solar investments there.

Source: Libya Today February 01, 2023 04:57 UTC