CAIRO: Italy’s prime minister held talks in Libya on Saturday with officials from the country’s west-based government focusing on energy and migration, top issues for Italy and the European Union. During the visit, the two countries’ oil companies signed a gas deal worth $8 billion — the largest single investment in Libya’s energy sector in more than two decades.
Libya is the second North African country that Premier Giorgia Meloni, three months in office, visited this week. She is seeking to secure new supplies of natural gas to replace Russian energy amid Moscow’s war on Ukraine. She previously visited Algeria, Italy’s main supplier of natural gas, where she signed several memorandums.
Meloni landed at the Mitiga airport, the only functioning airport in Libya’s capital, Tripoli, amid tight security, accompanied by Italian Foreign Minister Antonio Tajani and Interior Minister Matteo Piantedosi, her office said. She met with Abdel Hamid Dbeibah, who heads one of Libya’s rival administrations, and held talks with Mohamed Younis Menfi, who chairs Libya’s ceremonial presidential council.
At a round-table with Dbeibah, Meloni repeated her remarks from Algeria, saying that while Italy wants to increase its profile in the region, it doesn’t seek a “predatory” role but wants to help African nations “grow and become richer.”
During the visit, Claudio Descalzi, the CEO of Italy’s state-run energy company, ENI, signed an $8 billion deal with Libya’s National Oil Corporation to develop two Libyan offshore gas fields. NOC’s chairman Farhat Bengdara also signed.
The agreement involves developing two offshore fields in Block NC-41, north of Libya and ENI said they would start pumping gas in 2026, and estimated to reach 750 million cubic feet per day, the Italian firm said in a statement.
Meloni, who attended the signing ceremony, called the deal “significant and historic” and said it will help Europe securing energy sources.
“Libya is clearly for us a strategic economic partner,″ Meloni said.
Saturday’s deal is likely to deepen the rift between the rival Libyan administrations in the east and west, similar to previous oil and military deals between Tripoli and Ankara. It has already exposed fractions within the Dbeibah’s government.
Oil Minister Mohamed Aoun, who did not attend the signing, criticized the deal on a local TV, saying it was “illegal” and claiming that NOC did not consult with his ministry.
Bengdara did not address Aoun’s criticism during his conference but said those who reject the deal could challenge it in court.
ENI has continued to operate in Libya despite ongoing security issues, producing gas mostly for the domestic market. Last year, Libya delivered just 2.63 billion cubic meters to Italy through the Greenstream pipeline — well below the annual levels of 8 billion cubic meters before Libya’s decline in 2011.
Instability, increased domestic demand and underinvestment has hampered Libya’s gas deliveries abroad, according to Matteo Villa of the Milan-based ISPI think tank. New deals “are important in terms of image,” Villa said.
Also, because of Moscow’s war on Ukraine, Italy has moved to reduce dependence on Russian natural gas. Last year, Italy reduced imports by two-thirds, to 11 billion cubic meters.
Meloni is the top European official to visit oil-rich Libya since the country failed to hold presidential and parliamentary elections in December 2021. That prompted Libya’s east-based parliament to appoint a rival government after Dbeibah refused to step down.
Libya has for most of the past decade been ruled by rival governments — one based in the country’s east, and the other in Tripoli, in the west. The country descended into chaos following the 2011 NATO-backed uprising turned civil war that toppled and later killed longtime autocratic ruler Muammar Qaddafi.
Piantedosi’s presence during the visit signaled that migration is a top concern in Meloni’s trip. The interior minister has been spearheading the government’s crackdown on charity rescue boats operating off Libya, initially denying access to ports and more recently, assigning ports in northern Italy, requiring days of navigation.
At a joint news conference with Meloni later Saturday, Dbeibah said that Italy would provide five “fully equipped” boats to Libya’s coast guard to help stem the flow of migrants to the European shores.
Alarm Phone, an activist network that helps bring rescuers to distressed migrants at sea, criticized Italy’s move to provide the patrol boats.
“While this is nothing new, it is worrying,” the group said in an email to The Associated Press. “This will inevitably lead to more people being abducted at sea and forced to return to places they had sought to escape from.”
Jalel Harchaoui, a Libya expert and an associate fellow at the Royal United Services Institute, said that Meloni needs to show “some kind of a step-up, compared to her predecessor in terms of migration and energy policy in Libya.”
But “it will be difficult to improve upon Rome’s existing western Libya tactics, which have been chugging along,” he said.
The North African nation has also become a hub for African and Middle Eastern migrants seeking to travel to Europe, with Italy receiving tens of thousands every year.
Successive Italian governments and the European Union have supported the Libyan coast guard and militias loyal to Tripoli in hopes of curbing such perilous sea crossings.
The United Nations and rights groups, however, say those European policies leave migrants at the mercy of armed groups or confined in squalid detention centers rife with abuse.
Italy, Libya sign $8-billion gas deal as PM Meloni visits Tripoli
https://arab.news/v5crb
Italy, Libya sign $8-billion gas deal as PM Meloni visits Tripoli
- Meloni is the highest European official to visit oil-rich Libya since the country failed to hold presidential and parliamentary elections in December 2021.
Saudi Electricity Co. launches its new corporate identity, announces transformation to Saudi Energy
RIYADH: Saudi Electricity Co. has announced the launch of its new identity and its official transformation to Saudi Energy.
This step highlights its role within the national energy ecosystem and its alignment with the structural transformations witnessed in the Kingdom’s energy sector, enhancing its contributions to supporting the security of energy supplies and grid reliability, in achievement of the goals of Saudi Vision 2030, according to the Saudi Press Agency.
Saudi Energy CEO Khaled bin Salem Al-Ghamdi said: “This transformation is a continuation of the financial, regulatory, and structural reforms that the electricity sector has been witnessing since 2020, aiming to achieve the desired goals for the sector and elevate the quality of services provided to consumers.”
Al-Ghamdi added: “It also represents an extension of a deep-rooted legacy built by the Saudi Electricity Co. over decades, a natural evolution of its vital role, and embodies a new phase in the company’s national journey.”
He affirmed that launching the new identity expresses an evolution in role and responsibility, not a change in the nature of the activity, and represents a strategic step toward establishing a modern corporate image that reflects trust, sustainability, and readiness for the future, and confirms Saudi Energy’s commitment to its national role in supporting the energy sector and contributing to achieving growth and prosperity across the Kingdom.
Al-Ghamdi also said: “Today, we build upon a rich legacy filled with achievements and developments in the electricity sector, and we embark with an identity that reflects a more integrated coming phase.”
He added: “In this phase, we are ready to continue contributing, efficiently and effectively, to supporting the national energy ecosystem and enhancing service reliability, in complete alignment with the strategic directions of the Ministry of Energy and the goals of the Kingdom’s Vision 2030.”
The company affirmed that launching the new identity and changing its name reflects the role the company plays within the national energy ecosystem. This role includes developing and implementing energy storage projects and systems, alongside its pivotal role in enabling the transformation in the energy sector.
This involves enhancing the sector’s reliability and efficiency by reaching the optimal energy mix used in electricity generation, displacing liquid fuels to enhance and ensure supply security, expanding, upgrading, and automating transmission and distribution networks, increasing localization rates, stimulating investments, and achieving the Kingdom’s environmental goals.
This step also comes as an extension of a long and successful national journey in supplying the Kingdom with electricity, based on the company’s position as a key element in the electrical infrastructure, and affirming the pivotal role it undertakes in enhancing grid reliability, raising its efficiency, and modernizing and automating it.
To this, it adds its role in the integration of energy sources, supporting the stability of the ecosystem and confirming its readiness for the requirements of the next phase.
Furthermore, this development represents an extension of the approved regulatory framework governing its activities in the areas of electricity generation, transmission, distribution, and storage, and enabling the electrical system, reflecting the continuity of its operational model and the stability of the governance rules under which it operates.
Saudi Energy clarified that the new identity affirms that the customer is the core of the company’s business. This orientation, expressed in its logo and corporate promise, “Around you, For you,” represents one of the main pillars of its operational strategy.
It reflects its commitment to elevating the beneficiary experience, enhancing the quality of interaction with them and the service provided to them, and its efforts in developing digital channels and effectively responding to the needs of individuals, business, and industrial sectors, thereby contributing to improving the quality of life and supporting the competitiveness of the national economy.
The company stated that this transformation confirms its adoption of the best global practices in managing and operating energy grids and their infrastructure. This supports operational efficiency, enhances its role as a key enabler of the electrical infrastructure, and contributes to supporting the Kingdom’s position as a global energy hub.










