Libya looks to maximise gas opportunity
North African producer plans to boost output by early 2030, with Europe its number one priority as export destination
The chairman of Libya’s state-owned NOC, Masoud Suleman, wants to reduce gas flaring and free up more supply to help power the Libyan economy and use additional gas first to supply European customers and second as an option to export as LNG to more distant markets. Speaking at LNG2026 in Doha, the energy leader said Libya plans to boost its natural gas production in the next five years so as to maximise supply to Europe by the start of the next decade. The country’s current gas production is insufficient to meet local demand, Suleman noted, with around 85% the gas produced in Libya used for power generation. Gas consumption may rise further amid industrial expansion, with Suleman highlightin
Also in this section
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
