The Ministry of Oil and Gas of the Government of National Unity (GNU) claimed on Sunday that the 8-billion-dollar deal between Italy’s Eni and Libya’s National Oil Corporation (NOC) should worth than what the latter announced.
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The flow of gas from Libya to Italy has been restored to levels of 7-8 million cubic meters per day, after the interruption on 5 and 6 January and the reduction in the following two days, Italian news agency Nova reports.
Russian gas exports will decline by about 25% and gas output will drop by 12% in 2022, Deputy Prime Minister Alexander Novak said in an interview with TASS.
A gas pipeline connecting Libya to Greece is “useless”, according to the Ministry of Oil and Gas of the Libyan Government of National Unity, led by Prime Minister Abdul Hamid Dbeibeh.
The chief executive of Eni has told the chairman of Libya’s National Oil Corporation (NOC) that the Italian energy group wants to launch new investments to increase the North African country’s gas output, Eni said in statement.
Libyan National Oil Corporation (NOC) said Sunday gas production at the al-Farigh field of Waha Oil Company increased to reach 149 million cubic feet per day.
The Brega Oil Marketing Company has confirmed the availability of fuel in the Sabha warehouse, with sufficient quantities for two weeks.
Libya’s decision to reduce gas supply to Italy would be “a problem for the Libyans and not for the Italians,” Italian news agency Nova reports.
Italian company Eni has taken note of the Libyan government’s proposal to reduce gas exports to the company by 25 percent, according to Italian news agency Nova.