Eni signs an agreement to participate in the development of gas fields in Libya 17:54

Italian energy company Eni signed an agreement with the Libyan state company Noc on the development of gas fields in Libya. About Writer Il Sole 24 Ore newspaper.

The publication noted that under the agreement, gas production should begin in 2026. At the same time, the gas will be consumed both by Libya and for delivery to European countries.

According to the newspaper, we are talking about the biggest deal of the last 23 years in Libya. According to preliminary estimates, the amount of investment to be made in the project will reach 8 billion dollars.

January 25 newspaper “Kommersant” WroteItaly decided to expand gas supply agreements with North African countries, especially Libya, to replace fuel from Russia. Italy is betting on Libya, where Eni and local NOC will sign a contract to produce up to 8.7 billion cubic meters per year on the shelf.

Prior to that, Claudio Descalzi, head of the leading national oil and gas Italian group Eni, announced the timing of Italy’s complete rejection of natural gas from Russia. According to him, this will happen in the winter of 2024-2025.

Source: Gazeta


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