Libya Energy & Economic Summit | 18 - 19 January 2025

As Libya emerges as the largest crude oil producer on the continent and a nexus of regional energy trade – securing billion-dollar gas production deals and featuring a robust upstream project pipeline – all eyes are on the market.

Africa’s Largest Oil Producer

At more than 1.2 million barrels per day, Libya ranks as Africa’s leading oil producer and among the top oil-producing nations globally.

With an estimated 48 billion barrels of proven oil reserves, Libya is seeking to reach 2 million barrels per day within the next two to three years.

Nexus of Energy Trade

Libya’s strategic geographic location represents a crucial hub for energy transit and trade.

The country’s Greenstream Pipeline to Italy already transports Libyan gas to lucrative European markets, with plans underway to increase the utilization of pipeline capacity.

Driven by Global Companies

International companies have long been at the helm of Libya’s oil industry.

France’s TotalEnergies, Italy’s Eni, Spain’s Repsol, Norway’s Equinor, British multinational bp and Algeria’s Sonatrach have all resumed in-country operations and pledged to support Libya’s oil and gas growth.

Renewable Energy Hotspot

Libya is targeting 4 GW of combined solar and wind capacity by 2035 – through the construction of large-scale solar parks, wind farms and energy storage infrastructure – as well as evaluating the feasibility of a renewable energy interconnector with Malta.

Major Upstream Drive

Libya will launch a new oil and gas licensing round within the year and has already attracted early interest in its marginal assets, coupled with ongoing exploration campaigns in the Ghadames, Sirte and Murzuq basins and a recent onshore gas discovery by Sirte Oil.

National Infrastructure Revamp

The Libyan government is launching a major rehabilitation of its national infrastructure, including a new airport in Benghazi, a new railway development in eastern Libya and the revival of the Sirte-Benghazi rail project, supporting energy sector activities and key economic sectors.

Robust Project Pipeline

Libya’s National Oil Company is seeking north of $18 billion to develop 45 greenfield and brownfield projects in the pipeline to achieve oil production increases, coupled with 12 new projects underway to reduce and convert flared gas to green ammonia and power for export.

Energy Security Needed

Libya is aiming to boost energy supplies to Europe, supported by an $8-billion gas production deal signed between Italy’s Eni and Libya’s National Oil Corporation to develop two offshore gas fields, producing 750 million cubic feet of gas per day by 2026.

Sponsor or Exhibit

Position your brand at the forefront of Libya’s thriving energy sector. Whether you’re looking to showcase your innovative products and services, create brand awareness or be seen as thought leaders, our sponsorship and exhibition options are tailored to suit your business objectives.

FIND OUT MORE

Attend as a Delegate

The Libya Energy and Economic Summit connects you with key industry leaders, policymakers, and experts meeting to shape the future of Libya's energy sector. Gain exclusive insights on the latest advancements, and secure your competitive edge in this dynamic market.