Libya targets 4 billion cu ft gas production
Libya plans to increase its natural gas production to 4 billion cubic feet per day over the next three to five years, aiming to meet the growing domestic demand for electricity and boost exports to Europe via the Greenstream pipeline. To achieve this goal, the sector requires investments between $17 billion and $18 billion, and Libya will launch a new cycle of exploration licenses later this year or early next year. This will be the first such initiative in nearly two decades, designed to attract foreign investment into the energy sector.
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