Libya’s Ministry of Oil and Gas announced plans to draft a memorandum of understanding for technical and economic feasibility studies on a proposed gas pipeline to transport Nigerian gas to Europe via Libya.
The announcement followed discussions held during the Gastech 2024 conference between Libya’s Acting Oil Minister, Khalifa Abdulsadiq, and Nigeria’s Minister of State for Gas, Ekperikpe Ekpo.
Representatives from the Green Stream Gas Pipeline and the Nigerian National Petroleum Corporation Limited were also present. The ministry said the project could generate significant economic benefits for Libya.
In a separate meeting, Abdulsadiq met with executives from major global companies, including ExxonMobil, Chevron, and Halliburton. He stressed Libya’s commitment to fostering favourable investment conditions and revealed that the National Oil Corporation would soon launch a new licensing round to explore untapped oil and gas reserves.
Abdulsadiq also outlined development plans aimed at increasing Libya’s oil and gas production, expanding infrastructure, and upgrading refineries.