Libya starts the year on an uncertain note
A cancelled poll and strikes cast a shadow over the North African producer’s 2022 ambitions
Libya’s hopes of a happy new year have been hit by several late-December roadblocks, which threaten to further erode already shaky confidence among both existing and potential new international investors. Strikers from the Petroleum Facilities Guard, a government force, towards the end of last month shut down four west Libyan oilfields—Sharara, the country’s biggest field, El Feel, Hamada and Al-Wafa. State-owned NOC subsequently declared force majeure for two western oil terminals, Melittah and Zawiyah. The nearby Wafa gas field, Libya’s largest and a major supplier of volumes to the Greenstream pipeline to Italy, remains unaffected by the industrial action. The strikers say the shutdown
Also in this section
3 January 2025
Supporters of the LNG industry need to concentrate on the areas with the most potential before the sector runs out of time to make its mark
2 January 2025
A renewed push for oil and gas production in the US combined with a continued focus on decarbonisation are just two of the trends to look out for in the coming year
2 January 2025
The climate narrative has centred on phasing out fossil fuels in favour of renewables and novel solutions, but increasingly, policymakers are realising the importance of hydrocarbons as an enabler of the transition
2 January 2025
Global population growth is leading to ever-rising demand for reliable and affordable energy, a need gas is perfectly placed to meet