ENI Discovers Over 1 Trillion Cubic Feet of Natural Gas Offshore Libya

LootboxPhobia · 2026-03-17T02:38:25+00:00

Italian energy company Eni has discovered two new natural gas reserves in Libya, totaling over 1 trillion cubic feet. These reserves are located in the Metlaoui formation and will supply Libya's domestic market while being exported to Italy. The new wells are positioned near the largest offshore oil field, facilitating connection to existing facilities.

LootboxPhobia

2026-03-17 02:38:25

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Investing.com – Italy’s Eni announced on Monday that, as part of ongoing exploration activities over the past few months, the company has discovered two new natural gas reserves in Libya, totaling over 1 trillion cubic feet.

These discoveries are located in the Metlaoui formation, a major producing reservoir in the Mediterranean region. Well tests confirmed the production capacity of the high-quality reservoir.

The natural gas extracted from these discoveries will supply the domestic market in Libya and be exported to Italy.

The two new wells are Bahr Essalam South 2 and Bahr Essalam South 3, located 85 kilometers off the coast, 16 kilometers south of the Bahr Essalam oil field.

Because they are close to the Bahr Essalam oil field—Libya’s largest offshore oil field in operation since 2005—this will enable the newly discovered gas field to quickly connect to existing offshore infrastructure.

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