Liberia perseveres with licensing round
West African country presses ahead with plans to auction offshore acreage
Defying the disruption caused by the Covid-19 pandemic and the slump in world oil markets, Liberia has pressed ahead with the offshore licensing round that it had announced for launch in April. Formal inauguration of the round on 10 April was followed by an online launch five days later. The round covers nine blocks (LB-25 to LB-33) in the Harper Basin, off the southwest coast and the window for submitting offers will run from 1 November to 28 February 2021. The widespread bans on international travel have prevented the promotional roadshow originally planned by the Liberian Petroleum Regulatory Authority (LPRA), National Oil Company of Liberia (Nocal) and technical partner TGS. Nonetheless,
Also in this section
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
19 February 2026
Growth in LNG supply will surpass the rise in demand in 2026 for the first time in years, according to Mike Fulwood, senior research fellow at the OIES, but lower prices are likely to encourage fuel switching and could create more demand on a permanent basis
19 February 2026
Awais Ali Butt, manager for sales and business development at Pakistan LNG Ltd, discusses LNG’s role in energy security across developing, price-sensitive economies, as well as examining trade-offs between buying strategies and the impact of lower prices and policy on import behaviour
19 February 2026
LNG’s technical maturity, availability and price, as well as regulation, have driven its rapid adoption as a marine fuel, yet its future in shipping will depend on transition policies and progress in cutting methane emissions and scaling bio- and synthetic LNG, according to Carlos Guerrero at Bureau Veritas
