Under the terms of the MoU, Eni will work on reducing carbon dioxide (CO2) emissions through the reduction of routine gas flaring, fugitive emissions and venting, as well as possible projects for the reduction of hard-to-abate sector emissions. In addition, new solutions for the development of renewable energy and initiatives for electricity efficiency in the country will be evaluated. Finally, the company will work on the identification of additional gas resources from existing fields, to be developed as part of an integrated project for the domestic market and potentially for export.
Eni is the main international gas producer in Libya, with an 80% share of national production (1.6 billion ft3/d in 2022). The company has been operating in Libya since 1959 and currently has a large portfolio of assets in exploration, production and development. Production activities are operated through the joint venture (JV) Mellitah Oil and Gas BV (Eni 50%, NOC 50%). Equity production was 165 000 boed in 2022.
