Oil Institute plans to develop 53 Tcf gas
The National Oil Corporation of Libya has launched a plan to exploit the country's natural gas reserves, which are estimated at 53 trillion cubic feet, with the aim of strengthening the domestic gas industry. During the second workshop held in Tripoli, strategies to accelerate investment and develop new projects were discussed to meet local energy demand and to export surplus to international markets, with an emphasis on reducing gas flaring. Successful efforts have been made to cut emissions from flaring activities. Officials confirm that the strategy includes developing gas resources and converting them into proven reserves, while adhering to international agreements to reduce emissions and achieve near-zero gas flaring.
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