Italy signed a gas contract with Libya for 8 billion dollars
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During his visit to Libya, Prime Minister of Italy Giorgia Melona announced the conclusion of a contract for the supply of natural gas from this North African country. Italy and Libya jointly invest 8 billion dollars in gas supplies, the development of the gas extraction industry in Libya, as well as in the development of clean energy.
The agreement was signed by the heads of the state monopoly gas companies – the Italian ENI and the Libyan National Oil Corporation. This is the largest investment in Libya’s energy sector in the last two decades.
Before her visit to Libya, George Melona visited Algeria, which is now the main supplier of gas to Italy. There, the Italian gas company ENI and the Algerian Sonatrach signed a new agreement on energy security and combating greenhouse gas emissions.
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