14 Hrs
Source:
عين ليبيا
Gas output to reach 4 BCFD in five years
Libya aims to significantly increase its natural gas production in the coming years, striving to boost supplies to 4 billion cubic feet per day within 3 to 5 years, which is equivalent to approximately 41 billion cubic meters annually. This plan is part of efforts to develop existing fields and enhance the utilization of discovered resources, including free and associated gas, in order to meet domestic demand for electricity and fuel, reduce flaring of associated gas, and expand exports. Although production has remained stable in recent years between 1.13 and 1.19 billion cubic feet per day, the government relies on developing existing reservoirs as well as initiating activities by companies in the new licensing round. This round has resulted in the awarding of 5 areas out of 20 exploration blocks, reflecting ambitions to increase production and strengthen Libya's energy sector in the future.
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