Italy's Eni signs $8-billion gas deal

TRIPOLI, Libya: Italian energy giant Eni signed an $8-billion gas deal with Libya's state-run National Oil Corp. on Saturday (Sunday in Manila) as Prime Minister Giorgia Meloni visited Tripoli.

European governments have been scrambling to find alternatives to Russian gas since last year's invasion of Ukraine saw deliveries slashed to less than half their pre-war levels, sending prices soaring to record highs and triggering costly state subsidies to protect consumers.