Tripoli - 15/12/2017

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Energy

Natural Gas

Libya's natural gas reserves are estimated at 46.4Tcf; however these are mostly under-utilized and unexplored. Libyan experts place the potential reserves between 70-100 Tcf. The main gas fields include Attahadi, Defa-Waha, Hatiba, Zilten, Sahl, and Assumud. Libya wishes to increase the gas production both for the purpose of internal use, in particular power for generation, and for export to Europe. In order to expand the gas production, marketing and distribution, foreign participation and investment is sough by Libya. New sizeable discoveries have been made in the Ghadames, El-Bouri fields and in the Sirte Basin.

Libya produces some liquefied petroleum gas (LPG), for consumption by domestic refineries. Current natural gas development projects include As-Sahara and Nahoora, Fargh, Wafa, offshore block NC-41, Abu-Attifel, Intisar, and block NC-98. A joint venture, a US$5.6 billion plan aimed at developing and exporting large volumes of natural gas to Italy, between Eni and NOC on the Western Libyan Gas Project (WLGP), is currently ready and exporting gas to Italy.

 

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