Libya aims to increase natural gas production over the next five years to expand exports to Europe by 2030, National Oil Corporation Chairman Massoud Suleman said Tuesday.
The country plans to reach nearly 1 billion standard cubic feet per day and start shale gas drilling in the second half of 2026, Suleman told delegates at the LNG2026 conference in Qatar.
Libya, with 80 trillion cubic feet of gas reserves, currently exports minimal volumes via the Greenstream pipeline. Foreign investment has been limited due to ongoing instability and disputes over oil revenues since 2011.
The NOC will announce winners of its latest bid round on 11 February, involving 37 international companies, including Chevron, Eni, ConocoPhillips, and a consortium with Repsol. Additional bid rounds for unconventional or marginal fields are expected later this year.
Last month, Libya signed a 25-year oil development deal with TotalEnergies and ConocoPhillips.
