During the visit, the two countries' oil companies signed a gas deal worth $8 billion(€7.36bn), 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. She is seeking to secure new supplies of natural gas to replace Russian energy amid Moscow's war on Ukraine. She previously visited Algeria, which has become Italy’s number one energy supplier since Russia’s invasion of Ukraine. Meloni, who attended the signing ceremony, called the deal “significant and historic” and said it will help Europe securing energy sources.

Source: Libya Today January 28, 2023 19:53 UTC