Libya’s UN-backed govt targets production growth even as troubles linger [Gas in Transition]
Libya’s UN-backed govt targets production growth even as troubles linger [Gas in Transition]
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Natural Gas News
Libya’s UN-backed govt targets production growth even as troubles linger [Gas in Transition]
Summary
The government in Tripoli is eager to expand oil and gas production, even though difficult tensions with the rival Libyan National Army and general lawlessness persist. [Gas in Transition, Volume 3, Issue 8] by: Gary Lakes
Western energy companies have millions of dollars invested in Libya and have promised billions more despite the lawlessness. The country has two governments, its territory is divided between them, with Turkish troops backing one side and Wagner mercenaries supporting the other. Assistance from the UN and international organisations appears to make little impact with the multi-layered factions of opposition. Plans to hold elections cannot be fulfilled, human traffickers operate freely, tribes obstruct hydrocarbon production, and any threat to blockade oil exports sends a chill through the market. But the UN-backed government is muddling through. It intends to boost oil output, expand gas production and reduce flaring in the coming years. Field Marshal Khalifa Haftar, head of the self-styled Libyan National Army (LNA) and commander of the armed forces loyal to the Tobruk-based Government of National Se...
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Natural Gas & LNG News, Africa, Insights, Premium, Gas In Transition Articles, Vol 3, Issue 8, Libya
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