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 which took place in Tripoli this week.
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.
Luca Vignati, Eni’s Upstream Director, stressed the importance of Libyan gas as a transitionary energy source, underscoring that gas is a clean, widely available resource in the country.
He stated that, “We invest to develop the oil and gas sector, focusing on emissions reduction and gas re-injection. Increased gas production generates revenue for Libya and aids Europe’s long-term needs. Libya’s gas potential, both onshore and offshore, in domestic and international markets, is substantial.”
Echoing these remarks, Murat Özgül, CEO of BGN, reiterated Libya’s potential for exploration: “In the short term, we have the opportunity to explore more, especially for gas. Together, through a partnership, we can reach our targets one by one, first with gas and secondly with solar.”
Özgül envisioned a transformed Libya through collaboration, stating, “After this long time, we hope to see a lot of international companies investing here.”