Italian libyan energy storage

How much is Libya's gas deal worth?

During the visit, the two countries’ oil companies signed a gas deal worth $8 billion — the largest single investment in Libya’s energy sector in more than two decades. Libya is the second North African country that Premier Giorgia Meloni, three months in office, visited this week.

Will Italy and Libya cooperate on offshore gas fields?

Italy's ENI and the Libyan National Oil Corporation (NOC) plan to cooperate on the construction of two offshore gas fields off Libya's northern coast. ENI said in a statement that output would begin in 2026 and reach a plateau of 750 million cubic feet per day.

Does Eni still operate in Libya?

ENI has continued to operate in Libya despite ongoing security issues, producing gas mostly for the domestic market. Last year, Libya delivered just 2.63 billion cubic meters to Italy through the Greenstream pipeline — well below the annual levels of 8 billion cubic meters before Libya’s decline in 2011.

Will Italy provide five 'fully equipped' boats to Libya's Coast Guard?

At a joint news conference with Meloni later Saturday, Dbeibah said that Italy would provide five “fully equipped” boats to Libya’s coast guard to help stem the flow of migrants to the European shores. Alarm Phone, an activist network that helps bring rescuers to distressed migrants at sea, criticized Italy’s move to provide the patrol boats.

Will Italy replace Russian gas with North Africa?

Since Russian President Vladimir Putin’s invasion of Ukraine almost a year ago, Italy and other European countries have sought to replace Russian gas with energy supplies from North Africa and other sources. Saturday's agreement was signed by Libya's National Oil Corp. and Italy's Eni.

What's going on with Libya's natural-gas deal?

The natural-gas deal between the two countries is the largest single investment in Libya’s energy sector in more than two decades, the Associated Press reported. Eni Chief Executive Claudio Descalzi has been a vocal backer of Europe turning to Africa to help address its energy supply needs.