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EU urges linking Libya gas cuts to political stability
The article discusses European calls to link efforts to reduce flare gas burning in Libya with international political initiatives aimed at enhancing Europe’s energy security, especially amidst declining gas supplies caused by Middle Eastern unrest, rising prices, and low European storage levels. It points out that, despite Libya being a potential source, the country suffers annual losses of up to 10 billion dollars due to gas flaring, with a significant drop in its exports despite high flare rates. The article proposes leveraging political developments to increase gas production and reduce flaring through investments in infrastructure and the adoption of strict European regulations by 2030. It emphasizes that reducing gas flaring is one of the fastest ways to boost supplies while maintaining environmental goals, linking this effort to economic and political initiatives to ensure transparency and accountability.
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