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TotalEnergies Supports Libya as a World-Class Player in the Energy Transition

Published by APO Africa Newsroom on Tue, 23 Nov 2021

The first day of the Libya Energy & Economic Summit 2021 featured a presentation by Chairman and CEO of TotalEnergies, Patrick Pouyann, who spoke of Libyas resilience in its energy industry, and its positioning as a world-class player in the global energy transition. Congratulating the countrys government on its commitment to joining international climate agreements, such as the Paris Agreement, as well as by committing to sustainable development goals presented at this years COP26 UN Climate Change Conference, Pouyann highlighted TotalEnergies role in positioning Libya as a key, global energy producer while meeting local demand and developing the countrys natural resources in a sustainable way.This historic event represents the first international energy conference held in Tripoli in nearly a decade, as the North African oil producer seeks to revive its energy industry and boost output, while illustrating the resilience of Libyas position as a key energy producer. Pouyann reiterated TotalEnergies commitment to finding new sources of oil and gas in the country, and to invest in new crude oil projects to meet the worlds demand.Libya has the potential to be a key contributor to the international oil balance over the next decade, stated Pouyann, noting the countrys untapped oil potential that has yet to be discovered through exploration.Emphasizing TotalEnergies willingness to play a part in the north-African countrys peace and prosperity, Pouyann highlighted the companys contributions to providing access to electricity for Libyan citizens to alleviate energy poverty, while facilitating the potential to invest in local capacity building to support the revitalization Libyas energy sector and economic growth.TotalEnergies is reinforcing its partnership with Libya, Pouyann said, adding, I see opportunities and fundamentals of a country blessed with natural resources. I see the strengthening of institutions and many opportunities to work together. Above all, I have faith to do business and work together to build a more sustainable future for the people of Libya.Further driving TotalEnergies commitment to the energy transition, the event facilitated the signing of an agreement to provide the Libyan national electrical grid with 500 MW of solar energy, while working with the government to decrease gas flaring on all oil operations and committing to the use of renewable energy in the countrys current operational oil fields.Distributed by APO Group on behalf of Energy Capital & Power.Media filesDownload logo
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