Eni, NOC kick off $8bn gas project offshore Libya - News Summed Up

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Eni, NOC kick off $8bn gas project offshore Libya


Eni has struck a major $8 billion deal with National Oil Corp. (NOC), securing future gas supplies. The deal today focuses on the development of the A&E gas fields, offshore Libya, in the D contract area. It will reach peak production of 750 million cubic feet per day of gas (7.7 billion cubic metres per year). Mellitah is the origin point for the 8 bcm per year Greenstream pipeline, which carries gas from Libya to Italy, via Sicily. Eni produced 1.6 billion cubic feet per day of gas in Libya in 2022, with equity production of 165,000 boepd.


Source: Libya Today January 28, 2023 18:20 UTC



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