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Libya Energy & Economic Summit: Over $20B in Deals Highlight Renewed Global Confidence

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Etu Energias

The annual Libya Energy & Economic Summit drives multi-billion-dollar oil, gas and renewable deals, fostering international partnerships to expand Libya’s energy infrastructure and investment pipeline

TRIPOLI, Libya, July 3, 2026/APO Group/ –The Libya Energy & Economic Summit (LEES) has established itself as Libya’s premier gateway for upstream capital, consistently unlocking multi-billion-dollar oil, gas and renewable energy agreements since its 2021 launch in Tripoli. The summit has become a central mechanism for turning policy momentum into bankable energy projects.

 

The upcoming 2027 edition of LEES will build directly on this trajectory, expanding Libya’s investment pipeline across hydrocarbons, renewables and infrastructure while deepening international participation following record deal activity in 2026.

In 2026, the fourth edition of LEES delivered its most significant upstream package to date: a $20 billion, 25-year Waha Concession amendment between Libya’s National Oil Corporation (NOC) and TotalEnergies alongside ConocoPhillips. The agreement targets a production increase to 850,000 barrels per day through redevelopment of mature assets including North Zella and NC-98, fully financed through foreign capital under an enhanced recovery and infrastructure upgrade framework.

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At LEES 2026, NOC Chairman Masoud Suleman signed a MoU with Chevron to evaluate oil and gas exploration opportunities, field development and enhanced recovery initiatives, later expanding cooperation to assess unconventional resources across the Sirte, Murzuq and Ghadames basins. Suleman also oversaw a letter of intent between NOC subsidiary NAGECO and TGS to expand multi-client seismic acquisition programs and generate high-resolution subsurface data supporting future licensing rounds and exploratory drilling.

At the government level, Minister of Oil and Gas Dr. Khalifa Abdulsadek formalized a Libya-Egypt petroleum cooperation MoU aimed at strengthening technical collaboration, infrastructure development and capacity building across the oil, gas and mining sectors. During the summit, the Libyan Council for Oil, gas and Renewable Energy signed a strategic partnership with Business France focused on expanding private-sector participation and supporting Libyan SMEs.

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LEES has become the decisive platform for converting Libya’s energy potential into structured, bankable investment opportunities across hydrocarbons and renewables

The 2024 edition of LEES acted as a platform for advancing projects already under development, most notably showcasing progress on TotalEnergies’ 500 MW Sadada solar PV project with the General Electricity Company of Libya (GECOL), first announced during the inaugural 2021 summit. The project remains a cornerstone of Libya’s renewable energy strategy, supporting grid stabilization and diversification away from oil-dependent power generation in partnership with the Renewable Energy Authority of Libya.

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Beyond solar, 2024 also formalized Libya’s international upstream reopening through the launch of a national licensing round, drawing qualified interest from majors including Eni, Repsol and BGN Energy. Additional outcomes included exploratory discussions on a Malta-Libya undersea renewable energy interconnector, designed to evaluate cross-Mediterranean power exchange potential and long-term grid export opportunities, reinforcing Libya’s positioning as both a hydrocarbons exporter and emerging regional energy hub.

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The inaugural LEES 2021 marked Libya’s reintegration into global energy investment flows after a prolonged hiatus, featuring the announcement of TotalEnergies’ 500 MW solar partnership with GECOL and parallel gas-flaring reduction initiatives across western oilfields. Infrastructure-focused agreements, including upgrades linked to the Misrata Free Zone, further supported logistics and export capacity expansion. Initial discussions involving ConocoPhillips, Hess Corporation and other international operators laid the groundwork for subsequent upstream rehabilitation efforts and the wave of large-scale investments that would follow in later editions of the summit.

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“LEES has become the decisive platform for converting Libya’s energy potential into structured, bankable investment opportunities across hydrocarbons and renewables,” says James Chester, CEO, Energy Capital & Power. “The 2027 edition will build on this momentum, further accelerating international capital inflows and long-term sector partnerships.”

Join industry leaders at the Libya Energy & Economic Summit 2027 in Tripoli and explore investment opportunities in one of Africa’s most dynamic energy markets. LEES 2027 offers a premier platform for partnerships, innovation and sector growth. Visit www.LibyaSummit.com to secure your participation. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

Energy

Africa Finance Corporation Joins African Energy Week (AEW) 2026 as Gold Partner Amid Record Capital Deployment Across Africa

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African Energy Chamber

AFC brings $19 billion in infrastructure financing firepower to AEW 2026 as a Gold Partner

CAPE TOWN, South Africa, September 1, 2026/APO Group/ –The Africa Finance Corporation (AFC) has joined African Energy Week (AEW) 2026 as a Gold Partner, reinforcing the event’s role as a meeting point for the institutions financing Africa’s energy and infrastructure buildout. The partnership comes as the Pan-African multilateral finance institution completes a record capital deployment cycle spanning refining, transport, power generation and upstream oil and gas.

AFC has shown consistently that African infrastructure and energy projects can attract serious capital when the structuring is right

 




 

AFC’s 2026 deal flow demonstrates the depth and breadth of that capital. In August, the institution led investors into a $2.5 billion private placement for the Dangote Petroleum Refinery and Petrochemicals complex in Lagos, the largest publicly disclosed primary equity private placement in African history. The deal was oversubscribed 3.7 times. In July, AFC reached financial close on the $753 million Lobito Corridor Railway Project in Angola alongside the U.S. International Development Finance Corporation (DFC) and the Development Bank of Southern Africa (DBSA), a 1,300 km cross-border rail rehabilitation linking the Port of Lobito with the DRC border. AFC financing also supported what will become Burkina Faso’s largest power plant.

AFC raised a record $2 billion syndicated loan in June, upsized from an initial $1.6 billion target, drawing lenders from Asia Pacific, Europe, the Middle East and Africa. In July it raised $500 million through a Eurobond at the tightest pricing in its history, and in August it became the first African institution to issue a digital bond, raising CHF 350 million on a regulated Swiss digital exchange. AFC’s assets now exceed $19 billion, while its membership spans 48 African countries. The institution holds A-level investment-grade ratings from both S&P and Moody’s.

AFC’s Gold Partnership gives AEW 2026 delegates direct access to an institution that operates across the full infrastructure and energy value chain, from project development and advisory through to equity, debt and risk mitigation. The corporation’s State of Africa’s Infrastructure Report 2026, launched in Nairobi in April, found that Africa’s non-bank domestic capital pools now exceed $2 trillion and argued that the priority has shifted from raising capital to deploying it productively. AEW 2026 is built around that challenge, and AFC’s presence strengthens the event’s ability to connect bankable projects with the institutions prepared to finance them.

“AFC has shown consistently that African infrastructure and energy projects can attract serious capital when the structuring is right and the institutions behind them are credible. Having them at AEW strengthens the conversation between project sponsors and the financiers who can move deals forward,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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Mozambique Confirms Minister Pale’s Participation at African Energy Week (AEW) 2026 as Gas and Power Investment Accelerates

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African Energy Chamber

Estêvão Tomás Rafael Pale, Minister of Mineral Resources and Energy of Mozambique will showcase investment opportunities within Mozambique’s energy value chain at African Energy Week, taking place from October 12 – 16 IN Cape Town

CAPE TOWN, South Africa, September 1, 2026/APO Group/ –Estêvão Tomás Rafael Pale, Minister of Mineral Resources and Energy of Mozambique, has been confirmed to participate in African Energy Week (AEW) 2026 on behalf of H.E. Daniel Francisco Chapo, President of the Republic of Mozambique. His participation provides investors with direct access to the government leadership overseeing Mozambique’s efforts to monetize its world-class gas resources, expand electricity access and position the country as a major regional energy hub.

 




 

 

AEW is timely with Mozambique advancing its National Electrification and Just Energy Transition strategies, leveraging natural gas and renewables to expand electricity access from 60% to universal coverage by 2030.

Central to these strategies is a concerted push to accelerate the development of Mozambique’s 160-plus trillion cubic feet of natural gas through strategic international partnerships. Flagship developments – including TotalEnergies’ $20 billion Mozambique LNG, ExxonMobil’s Rovuma LNG Phase One, and Eni’s Coral North FLNG – are cementing the nation’s position as a vital regional and global gas supplier.

In a major step forward for the Chapo administration’s energy agenda, ExxonMobil issued a letter of intent to McDermott for engineering and procurement services on the Rovuma LNG Phase One project. The award signals accelerating momentum ahead of an anticipated final investment decision (FID) later this year.

Mozambique is a blueprint for how rich oil and gas resources, a favorable business environment, and strong government resolve combine to optimize energy development

Further driving this momentum, Technip Energies secured an engineering and procurement contract in June for the Eni-led Coral Norte FLNG project. This follows the African Development Bank’s $150 million financing approval earlier this year, underscoring robust institutional confidence in Mozambique’s gas sector. Capitalizing on this growth, Eni has launched an international tender for a third FLNG platform at the Rovuma project to help meet global energy demand.

TotalEnergies’ January restart of the Mozambique LNG project marked a major turning point for the nation’s energy sector. Set to create over 17,000 jobs during construction, the development will strengthen energy security, boost government revenues, and drive local workforce development.

These gas developments will be pivotal in enhancing domestic energy reliability, directly supporting Mozambique’s goal to expand clean cooking access from 17% today to 54% by 2030. Against this backdrop, AEW provides an ideal platform for Minister Pale to highlight these flagship projects, present policy reforms designed to fast-track discoveries, and showcase high-yield opportunities for global investors across the supply chain.

Mozambique’s investment potential extends well beyond oil and gas. To reinforce grid security following a recent El Niño drought that reduced hydropower capacity by 25%, the country is actively expanding its power infrastructure and targeting an 80.6% renewable energy share by 2032. Key developments driving this transition include the 450 MW Temane Thermal Plant and the 1,500 MW Mphanda Nkuwa Hydroelectric Project.

To position itself as a regional power hub, Mozambique is also constructing a 400 kV transmission backbone to connect its Northern, Central, and Southern regions while expanding cross-border interconnectors. With the country seeking $18.6 billion to fund its broader power sector reforms, AEW 2026 offers Minister Pale an ideal platform to negotiate deals and secure strategic investor partnerships.

“Mozambique is a blueprint for how rich oil and gas resources, a favorable business environment, and strong government resolve combine to optimize energy development,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber. “The country’s gas sector offers immense potential to create jobs for youth and enable local businesses to thrive.”

At AEW, Minister Pale will participate in high-level panel discussions and exclusive networking sessions, connecting global investors directly with emerging opportunities across Mozambique’s energy sector.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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Energy

Lindsayca Brings EPC Expertise to Venezuela’s Next Phase of Energy Development

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Etu Energias

As a Diamond+ Sponsor, Lindsayca will participate in high-level discussions at Venezuela Energy Week 2027, showcasing its Venezuelan project experience, EPC capabilities and broader regional track record as investment returns to the country’s energy sector

CARACAS, Venezuela, September 1, 2026/APO Group/ –Integrated energy solutions company Lindsayca has been confirmed as a Diamond+ Sponsor of Venezuela Energy Week, taking place February 22–25, 2027 in Caracas. The sponsorship strengthens Lindsayca’s engagement with Venezuela’s emerging oil and gas investment cycle while providing a platform to showcase the company’s EPC expertise and energy infrastructure capabilities.

 




 

As Venezuela works to restore production and expand activity across its oil and gas sector, infrastructure will be central to converting investment into additional capacity. The country holds the world’s largest proven crude oil reserves, estimated at more than 300 billion barrels, alongside substantial natural gas resources, creating opportunities across upstream development, gas processing, power and associated infrastructure.

Lindsayca brings a longstanding track record in Venezuela, including the delivery of the 450 MMscfd Cardón IV gas processing plant for Eni and Repsol. The project involved five million man-hours and demonstrates Lindsayca’s experience executing large-scale gas infrastructure in the Venezuelan market.

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That experience comes as the Eni-Repsol joint venture advances plans to increase production from the Cardón IV field to 645 MMscfd from approximately 580 MMscfd currently. The expansion is expected to involve additional drilling and infrastructure improvements, highlighting the scale of technical and infrastructure requirements accompanying Venezuela’s next phase of gas development.

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With an established base in El Tigre, Anzoátegui, Lindsayca combines local market experience with a broad regional track record spanning gas processing, compression, oil treatment and power infrastructure. The company has successfully completed more than 140 EPC projects across the Americas and operated in more than a dozen countries, including major projects such as Guyana’s 300-MW natural gas and natural gas liquids facility and the Manzanillo thermal power project in the Dominican Republic. This combination of Venezuelan experience, regional scale and technical capabilities positions Lindsayca to support the development of new oil and gas infrastructure across the country’s value chain.

As Venezuela’s production recovery draws renewed interest from international operators, investors and service companies, demand is growing for the infrastructure, equipment and technical expertise needed to advance new projects. As a Diamond+ Sponsor of Venezuela Energy Week 2027, Lindsayca will engage with government officials, energy companies, investors and financial partners on opportunities across the upstream, midstream, downstream and power sectors, while showcasing its Venezuelan project experience and regional capabilities.

Supporting Venezuela’s Earthquake Recovery

Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4gukFd5).

Distributed by APO Group on behalf of Energy Capital & Power.

 




 

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