Libya Puts Hope for LNG Exports on New Finds

Libya is said to be banking on future discoveries, not its reserves, to back plans for expanding its gas exports. That includes at least one liquefied natural gas (LNG) project that is already progressing rapidly towards construction.

Sirte Oil, a joint venture between the Libyan state-owned National Oil Company (NOC) and Royal Dutch Shell, will seek bidders for a contract to refurbish Libya’s 40-year-old Brega LNG plant in the fourth quarter of this year, Abdelsalam Hussein, the manager of the project, said at the Libya Gas Conference just concluded in Rome…read more 

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