Libya’s energy sector recovery reinforces its role as key African oil and gas producer – AEC

The African Energy Chamber (AEC) has commended Libya’s hydrocarbon sector recovery, which confirmed the country’s position as a key African energy producer.

As reported by the AEC, Libya’s leaders set out a firm commitment to revive production, monetise gas resources and create an investment climate that supports long-term energy growth at the Libya Energy & Economic Summit (LEES) 2026 held Tripoli from January 24 – 26. These priorities are key to turning Libya’s resource wealth into reliable power supply, economic growth and better living standards, the Chamber said in a media statement.

Libya’s oil sector is delivering its strongest results in years, with output averaging about 1.375mn barrels per day (bpd). A planned $20bn investment programme aims to raise production further, underpinned by improved stability, international partnerships and a focus on performance. The AEC stresses that sustained oil output is vital to generating revenue for infrastructure, public services and wider development in the country.

Furthermore, gas monetisation is also becoming a core part of Libya’s energy strategy. Production is expected to reach 700mn–750mn standard cubic feet (mmcf) per day, or 19.8mn – 21.2mn cubic metres (mcm) per day, supporting power generation, easing energy shortages and boosting industrial activity. Greater gas use can also cut emissions by replacing higher-carbon fuels while improving affordability and reliability.

Libya’s energy sector recovery has wider regional importance, says the AEC. LEES 2026 underscores the importance of cross-border cooperation and investment, with Libya seen as a catalyst for stronger African energy security and regional value chains.

“Libya is showing that African nations can deliver energy projects at scale when stability, political will and investor-friendly frameworks come together,” AEC’s executive chairman NJ Ayuk said at LEES 2026. “By prioritising energy access, domestic power generation and long-term investment, Libya is laying the foundation for inclusive growth and sustainable development.”

The AEC also noted Libya’s focus on operational efficiency, zero-flaring initiatives and skill development. The Chamber said it believed these efforts were crucial to sustaining production gains while maximising local value creation. Investments in workforce training and technology would be essential to ensuring that energy development translates into jobs, knowledge transfer and long-term economic benefits.

“Libya’s resurgence reinforces a simple truth,” Ayuk said in the statement. “Africa’s energy future will be built through pragmatism, partnerships and delivery – not delay.”