2014 Licensing Round May Include Gas

A spokesman for the National Oil Corporation (NOC) has said that Libya may offer areas containing natural gas in its next auction of energy-exploration rights, which is planned for next year.

The company's petrochemical and gas superintendent, Mansour Emtir, told Bloomberg:

It is possible that the bidding round could include gas ... We need more gas for our power plants and for petrochemical projects.

NOC Gas Committee Chairman Jamal Hawisa added that Libya’s gas reserves are “largely unexploited and unexplored”. The North African country may contain 100 trillion cubic feet of gas, almost double its 54 trillion cubic feet in proven reserve, he said.

Recent studies indicate large gas reserves in western Libya ... They are now under appraisal.

(Source: Tripoli Post)

(Picture: Mellitah Greenstream Gas Compression Station)

No comments yet.

Leave a Reply