Libya plans to increase gas exports to Europe before 2030

Massoud Suleman, Chairman of the National Oil Corporation, said that Libya intends to?boost? its natural gas production over the next five to six years in order to increase supply to Europe before early 2030.

Suleman, who spoke at the LNG2026 Conference, said that the country plans to increase its gas production up to a maximum of nearly 1 billion cubic feet per day. It will also begin drilling for shale-gas in the second half of this year.

He said that Libya's 80 trillion cubic feet (80 trillion cubic meters) of gas resources are split between conventional and unconventional sources.

Suleman stated that the country exports a negligible amount of natural gas through Greenstream.

Libya will also announce the winners of its most recent bid round on 11 February, he added. Suleman stated that 37 companies from Asia, Europe North America Middle East Africa and Africa participated. He added that these included Chevron Eni ConocoPhillips, and a consortium including Repsol. Reporting by Yousef SABA; writing by Florence Tan, Tala Ramadan

(source: Reuters)