Italy’s Eni signs $8 billion gas deal with Libya

cde.news desk 28 January 2023, 14:18 · 1 min read

epa10435880 A handout photo made available by the Italian Government Press Office shows Prime Minister of the Libyan Government of National Unity Abdul Hamid Dbeibah (R) receiving Italian Prime Minister Giiorgia Meloni (L) during her visit in Tripoli, Libya, 28 January 2023. Giorgia Meloni landed in Tripoli accompanied by the Ministers of Foreign Affairs, Antonio Tajani, and of the Interior, Matteo Piantedosi, for a mission by the Italian Government to the North African country. EPA-EFE/FILIPPO ATTILI / HANDOUT HANDOUT EDITORIAL USE ONLY/NO SALES

TRIPOLI, Jan 28 (Reuters) – Italian energy company Eni ENI.MI 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.

(Reporting by Gavin Jones)

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Topics Eni Italy Libya Oil

Italy’s Eni signs $8 billion gas deal with Libya

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