18 Hrs
Source:
عين ليبيا
Proposal to save $5B by switching to natural gas
The article focuses on the potential to develop Libya's natural gas sector through private investments to improve electricity production and reduce its costs. The model proposes that both foreign and local investors fully cover the investment costs, while the Libyan government collects taxes on profits and purchases gas at European reference prices. This approach could contribute to lowering electricity generation costs by approximately $4 to $5 billion annually. It also highlights that replacing simple-cycle plants with high-efficiency plants reduces gas consumption by one-third, enhancing sustainability and efficiency. The model aims to attract investments, alleviate burdens on the treasury, lower costs, and generate tax revenues, emphasizing the importance of gas production and infrastructure investments to improve the Libyan electricity sector.
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