Libya will hold the fourth edition of the Libya Energy and Economy Summit (LEES 2026) in Tripoli from Jan. 24 to Jan. 26, as the North African country seeks to attract investment into its oil, gas, and renewable energy sectors.
Organized by Africa-focused energy investment platform Energy Capital & Power, the summit will be held with the support of Libya’s Prime Ministry, the Ministry of Oil and Gas, the Libya National Oil Corporation (NOC), and the Libya Renewable Energy Authority.
The three-day summit is expected to bring together Libyan and international government officials, senior executives and representatives of national and international oil and gas companies, energy service providers, law and consultancy firms, as well as regional and global financial institutions. The program will include ministerial-level panels, roundtable meetings and investor-public sector engagements.
Discussions at the summit are set to focus on Libya's transformation projects and investment opportunities in the oil, natural gas and renewable energy sectors, with participation from policymakers, public institutions, international energy companies, financiers, investors and business leaders from various countries.
Within the scope of LEES 2026, the signing of memorandums of understanding and commercial cooperation agreements is expected in oil and gas exploration and production projects, the rehabilitation of existing fields, and the modernization of refineries and petrochemical facilities, as well as investments in electricity generation and transmission infrastructure.
Renewable energy will also be a key agenda item, with talks planned on solar and wind power projects, grid integration, energy storage solutions and international partnerships for green energy investments.
On the financing side, multilateral development banks and private funds are expected to discuss credit and investment opportunities for projects in Libya.
- Top-tier oil reserves, growing renewables focus
Libya, a member of the Organization of the Petroleum Exporting Countries, ranks among the world's top 10 countries by proven oil reserves, with about 48.4 billion barrels, according to OPEC data.
The country's proven natural gas reserves are estimated at roughly 1.5 trillion cubic meters.
With high solar exposure and a vast geographic area, Libya also has significant renewable energy potential.
In recent years, stabilizing oil and gas production, upgrading energy infrastructure and integrating renewable sources into the national energy mix have been among the country's top priorities.
By Firdevs Yuksel and Sibel Morrow
energy@aa.com.tru
Anadolu agency