Tag Archives | shale gas

Hopes of Foreign Investment in Shale Gas

Libya's National Oil Corporation (NOC) plans to allow foreign investors to take joint venture stakes of about 40 percent in shale gas projects, twice the share of existing contracts signed under the Qaddafi regime. The National reports that using fracking technology on Libya’s estimated 122 trillion cubic feet of shale gas – double the nation’s conventional […]

Libya Renews Focus on Natural Gas, incl Shale

Libya plans boost production of natural gas and is studying options to explore unconventional reserves, National Oil Corporation (NOC) Chairman Nuri Berruien said. The country is currently producing 2.5 billion cubic meters a day of gas and aims to reach its full capacity of 3 billion cubic meters per a day by the start of next […]