The third edition of the Libya Energy & Economic Summit (LEES 2025) will take place in Tripoli on 18-19 January, under the theme “At the Nexus of Global Energy Trade.”
The organisers say the event will bring together global investors, project developers and financiers with local stakeholders to advance partnerships and drive impactful deals across key sectors of the Libyan economy. The summit is organized in official partnership with the National Oil Corporation (NOC), the Ministry of Oil & Gas and the Renewable Energy Authority of Libya (REAoL), with support from the African Energy Chamber.
Building on the success of previous editions, the organisers say LEES 2025 will convene top-tier international energy companies and organisations alongside Libya’s leading national entities. Confirmed participants include Baker Hughes, ConcocoPhillips, OMV and Harbour Energy – pioneers in energy technology; OPEC, the Gas Exporting Countries Forum and African Petroleum Producers Organisation; and local players including NOC subsidiaries Sarir Oil Operations, Zallaf Libya Oil & Gas, Wazen Oil Services, Murzuq Oil Services. Major financial institutions including Bank ABC and the Libyan Foreign Bank will join the conversation on financing large-scale energy and infrastructure projects essential to Libya’s growth.
Potential investment opportunities
Under the theme, ‘‘At the Nexus of Global Energy Trade’’, the organisers say this year’s summit will spotlight Libya’s vast investment potential, including over 48 billion barrels of proven oil reserves – the largest in Africa. The NOC aims to boost crude production to 2 million barrels per day by 2027, creating opportunities in enhanced recovery, infrastructure upgrades and field redevelopment. Libya is also set to launch a new oil and gas licensing round in early 2025, featuring 22 exploration blocks, supported by active campaigns in the Ghadames, Sirte, and Murzuq basins and a recent onshore gas discovery by Sirte Oil.
Natural gas
Libya’s natural gas sector offers significant investment opportunities as the country aims to expand exports to Europe, leveraging its strategic location and infrastructure like the Greenstream Pipeline. With over US$ 18 billion sought by the NOC to develop key oil and gas projects, including greenfield developments and initiatives to convert flared gas into green ammonia and power, Libya is positioning itself as a critical energy partner. An US$ 8-billion agreement with Italy’s Eni to produce 750 million cubic feet of gas per day by 2026 underscores this potential. These opportunities will be a focal point of discussions at LEES 2025.
Renewables
The summit will also highlight Libya’s renewable energy potential, particularly in solar and wind power. Boasting some of the highest solar irradiance levels in the world, Libya is actively seeking partnerships to advance its renewable energy transition and diversify its energy mix. The country aims to achieve 4 GW of combined solar and wind capacity by 2035 through large scale solar parks, wind farms and energy storage infrastructure, and is currently assessing the feasibility of a renewable energy interconnector with Malta.
