Global energy companies including France’s TotalEnergies, Spain’s Repsol, Italy’s Eni and Switzerland’s BGN stated that they are committed to sustainable energy in Libya, highlighting the various ways they are prioritizing low-carbon solutions during the Libya Energy & Economic Summit (LEES) (https://apo-opa.co/3ShDfc9) – taking place in Tripoli this week and organized by Energy Capital&Power (https://www.EnergyCapitalPower.com). Speaking at the summit, the companies emphasized Libya’s untapped opportunities in renewable energy as well as efforts underway to reduce emissions in oil and gas operations. As a relatively untapped renewable energy market, Libya offers lucrative opportunities for foreign companies, including oil and gas multinationals. Julien Pouget, Senior Vice President: Middle East and North Africa at TotalEnergies, explained that for the company, Libyan renewable energy is a priority. In partnership with the Renewable Energy Authority of Libya, the company is building a facility in Sadada, contributing to Libya’s clean energy goal to generate 20% of its electricity from renewable energy by the year 2035.

Source: The North Africa Journal January 15, 2024 10:10 UTC