Italy’s Eni is set to take a final investment decision next year on its mammoth Structures A&E project offshore Libya, after “optimising” its development approach, according to a top company executive.

The news comes as Libya aims to complete a review of its fiscal regime by the end of 2022 to attract upstream investors to a country where $7.5 billion worth of projects are on the move — excluding Structures A&E — and that aims to provide extra gas to Europe as the continent switches away from Russian supplies.