This from the FAQ will answer the general meaning of the engine code:
http://www.fuelly.com/faq/31/engine-type-codes
Generally the letter refers to the engine configuration (L for inline), and the number the number of cylinders, not the displacement. But it refer to a manufacturer code, or just be wrong. Like the H12, which would mean a 12 cylinder hybrid by the general code.
For the American fortwo, L3 is probably the correct one, but check other entries here.