This positioning will be a central theme at the upcoming Invest in African Energy (IAE) Forum in Paris, where a dedicated Libya Country Spotlight will bring together government representatives, operators and financial institutions to engage directly with European and international investors. Participating organizations include Contango Oil & Gas, Renewable Energy Holding Company, the Renewable Energy Authority of Libya and Libyan Foreign Bank.

Recent upstream developments reinforce this long-duration supply alignment. In January 2026, Libya extended the Waha concessions through 2050 in partnership with TotalEnergies and ConocoPhillips, alongside the National Oil Corporation. The agreement secures continued production of approximately 370,000 barrels of oil equivalent per day (boe/d) while opening new development phases, including the North Gialo field, which is expected to add up to 100,000 boe/d. The scale and duration of the extension underscore Libya’s shift toward long-term positioning within a supply corridor directly connected to European markets.

Libya’s first competitive licensing round in nearly two decades, launched in February 2026, further advances this trajectory. International operators are securing acreage in basins already linked to export infrastructure, reinforcing Libya’s role as a Mediterranean-facing supply source. Eni, in partnership with QatarEnergy, was awarded offshore License O1 in the Sirte Basin, with a multi-year exploration and appraisal program planned. Additional awards to Chevron, Repsol and a consortium including TPOC and MOL extend operator presence across key hydrocarbon provinces.

This upstream activity is closely tied to existing export routes. Gas produced from the Wafa and Bahr Essalam fields is already transported to Italy via the GreenStream pipeline, one of the few direct energy links between North Africa and Europe. As European buyers seek to reduce exposure to more distant or volatile supply sources, Libya’s ability to deliver via established infrastructure is becoming increasingly relevant. National production targets – rising from approximately 1.4 million barrels per day to two million bpd – reflect Libya’s positioning as a scalable supplier to European markets.

At the same time, Libya is adjusting its investment framework to support sustained upstream and broader energy sector expansion. Updated production-sharing terms introduced in the 2025 licensing round aim to align project economics with current market conditions, while ongoing field rehabilitation and new developments are expected to reinforce output reliability. Alongside hydrocarbons, the country is advancing a renewables pipeline targeting approximately 4 GW of capacity by 2035, including the 500 MW Sadada solar project led by TotalEnergies, which is expected to come online in 2026.

This convergence of European demand dynamics and Libya’s evolving upstream landscape will be a key focus at IAE 2026 in Paris, where the country’s long-term role in regional energy security will be examined directly by investors and industry leaders.

IAE 2026 is an exclusive forum designed to connect African energy markets with global investors, serving as a key platform for deal-making in the lead-up to African Energy Week. Scheduled for April 22–23, 2026, in Paris, the event will provide delegates with two days of in-depth engagement with industry experts, project developers, investors and policymakers. For more information, visit www.invest-africa-energy.com. To sponsor or register as a delegate, please contact sales@energycapitalpower.com