This is Part 1 of a MEES Libya Special Report published on 19 January 2024. Part 2 can be accessed here (MEES, 19 January).

The weeks leading up to the 13-14 January ‘Libya Energy & Economic Summit’ in Tripoli were characterized by heavy rumors that the conference would see a consortium led by Italy’s Eni with TotalEnergies and UAE state firm Adnoc sign up to develop around 3tcf of gas reserves on block NC-7 in the Ghadames basin at the cost of $4-5bn (MEES, 22 December 2023). (CONTINUED - 1373 WORDS)