Oil Firm: Gas export to Italy below 10% of foreign stake
The National Oil Corporation confirmed that the amount of gas exported to Italy via the "Green Stream" pipeline does not exceed 10% of the Italian partner’s share. Most of the gas production is used domestically within Libya to meet local needs, especially for operating power plants. It explained that the agreement with Eni specifies a fixed percentage for the partner, but the high domestic demand and operational requirements have led to purchasing most of that share and directing it for local consumption, particularly during the summer months. The corporation noted that halting and restarting the pipeline pose technical challenges and incur high costs. Additionally, the closure of the Mellitah complex resulted in the suspension of El-Fil field production, but production was resumed after securing the complex and restarting work on the fields and platforms. The statement emphasized the continued supply of gas to the local market and the commitment to sustainable production.
Notice: This Is an AI-Generated Summary
Comments (0)