LNG

Production companies seeking efficient and cost-effective methods of increasing their output are forecast to increase spending by almost 20 percent in 2023 to total $58 billion for additional oil and natural gas resources to satisfy global demand for energy such as LNG and pipeline gas and for necessary activities like petroleum refining and chemicals production to make products such as pharmaceuticals.

June 8 (LNGJ) - Eni, the main international natural gas producer in former LNG-exporting nation Libya, has signed an accord to identify opportunities to reduce greenhouse-gas emissions at Libyan oil and gas facilities. Eni said the signing took place as part of the visit to Italy of the Prime Minister of the Government of Libyan National Unity Abulhamid Dabaiba.

   Eni has an 80 percent share of national gas production of 1.6 billon standard cubic feet per day. Production activities are operated through the joint venture company Mellitah Oil and Gas BV, a 50-50 joint venture between Eni and the National Oil Company of Libya.

Daewoo Engineering and Construction of South Korea has signed an agreement to build natural gas-fired power plants in Libya as the North African nation and former LNG exporter starts to rebuild its natural gas industry infrastructure.

The second foreign trip of the premiership of Italian Prime Minister Giorgia Meloni has taken place to Libya and has resulted in a major natural gas deal with the Libyans who were former LNG exporters from a plant destroyed during years of conflict.

The Government of Ivory Coast has held talks on its large oil and gas discovery containing significant volumes of associated natural gas and offering the potential for its energy renaissance as a West African regional hub.