Eni enters JV with Libya's NOC
Eni makes strategic gamble with Libya gas project
Despite previous security concerns, Eni enters JV with Libya's NOC for major hydrocarbons development
Italian energy giant Eni has put aside security concerns about operating in Libya to agree to a new $8bn gas project, the country’s first major hydrocarbons development in 23 years. The project, named Structures A&E, is a joint venture (JV) with Libya’s National Oil Corporation (NOC) at the Bahr Essalam offshore field, holding an estimated 6tn ft3 of gas. Eni first began exploring the site, 75km off the coast, in 2008, but chaos and civil war have seen perpetual delays. Analysts say the decision to finally ink the project is down to the “Russia Effect”, Europe’s thirst for gas after imposing sanctions on Moscow. “Italy needs the gas, they have got a market,” said John Hamilton, director
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
