Major oil and gas collaboration could reshape Mediterranean energy landscape
In a dramatic development for Mediterranean energy markets, Libya and Malta have initiated high-level talks aimed at forging unprecedented cooperation across oil, gas, and broader energy sectors. The groundbreaking discussions, held on May 5, saw Libya’s Minister of Oil and Gas Khalifa Abdelsadeq meet with Malta’s Ambassador Charles Saliba to explore joint investment opportunities that could transform regional energy dynamics.
Minister Abdelsadeq specifically highlighted Libya’s ongoing licensing round—featuring 22 prime on and offshore exploration blocks—as a golden opportunity for expanded partnership. The Libyan official also emphasized the country’s ambitious target to boost oil production capacity to two million barrels per day, creating substantial investment potential between the nations.
This diplomatic energy breakthrough comes at a critical time for both countries as they seek to capitalize on strategic Mediterranean positioning and leverage complementary strengths in the evolving global energy market.
Source: energycapitalpower.com
