• Oil & Gas - News
  • Updated: May 01, 2023

Libya's Natural Gas Exports To Experience Decline Due To Maintenance

Libya's Natural Gas Exports To Experience Decline Due To Mai

Natural gas exports from Libya to Europe are anticipated to be significantly lower this month than normal levels due to a three-week maintenance schedule at the Mellitah Industrial Complex in the North African oil and gas producer.

The National Oil Corporation (NOC) of Libya announced over the weekend that the Mellitah Industrial Complex will commence a complete closure to begin renovations at the complex, the Bahr Es Salam gas field, and the Wafa gas field.

Farhat Bengdara, the chairman of the NOC, gave directives for the upkeep and refurbishment of the gas-producing facilities, which were planned to start on May 1st.

“The NOC affirmed that all necessary arrangements have been prepared to compensate for the gas shortage during the stoppage period, and affirmed also the readiness of the work teams and the spare parts,” the Libyan state corporation said in a statement.

According to Argus, the repair will cause a significant drop in Libya's natural gas exports and production.

Due to maintenance at the gas fields and processing facilities, the local unit of Italian energy giant Eni stated in April that the supply of natural gas from Libya to Italy will be "materially reduced and could potentially go to zero" between the end of April and May 25.

Claudio Descalzi, the CEO of Eni, and Bengdara, the CEO of NOC, reached an agreement early this year to build "Structures A&E," a strategic initiative aimed at expanding gas output to meet both local demand in Libya and European export requirements.

According to the Italian firm, the total investment is expected to be $8 billion, with a substantial influence on the sector and the supply chain that goes along with it, enabling a considerable contribution to the Libyan economy.

Eni has been turning to Libya and other African gas suppliers over the past year to increase supply to Europe and replace Russian pipeline gas quantities.

Eni just started building the first natural gas liquefaction facility in the Republic of the Congo, which will provide LNG to Europe, last week.

Related Topics

Join our Telegram platform to get news update Join Now

0 Comment(s)

See this post in...


We have selected third parties to use cookies for technical purposes as specified in the Cookie Policy. Use the “Accept All” button to consent or “Customize” button to set your cookie tracking settings