Libya Minister tells WAM: Gas exports to Europe continue, no increase planned

Libya Minister tells WAM: Gas exports to Europe continue, no increase planned

VIENNA, 5th July, 2023 (WAM) -- Mohamed Aoun, Libyan Minister of Oil and Gas, has confirmed that Libya is continuing its gas export operations to Europe through the Greenstream pipeline, noting that an increase in gas exports is currently unfeasible, but could be considered in the future, after five years.

In a statement to the Emirates News Agency (WAM), on the sidelines of his participation in the activities of the 8th OPEC International Seminar, which kicked off today in Vienna, the Minister said that his country has developed a short-term strategic plan for the oil and gas sector, aimed at raising its oil production to two million barrels per day (bpd), and includes developing newly discovered fields and raising the production capacity of existing fields, in addition to developing the infrastructure that was damaged due to the events that Libya underwent.

He added that the Libyan National Oil Corporation's plan to overcome obstacles in the oil and gas sector includes restructuring the sector and key entities operating in it. The plan also aims to increase oil production by expanding onshore and offshore oil exploration operations. This will help boost the country’s financial revenues and income. The plan also focuses on