Libya plans to significantly increase its natural gas exports to Europe by early 2030, as it seeks to strengthen its position as a regional energy supplier amid shifting European energy demand. The target was outlined by officials from Libya’s National Oil Corporation (NOC) during recent industry engagements, Reuters said.
The export push forms part of a broader $20 billion investment plan aimed at reviving Libya’s oil and gas sector, expanding upstream production and upgrading export infrastructure. NOC officials said the strategy includes boosting gas output to meet domestic demand while supplying Europe through existing routes such as the Greenstream pipeline to Italy, details highlighted by MarketScreener.
Libya currently exports limited volumes of gas due to years of underinvestment and operational disruptions, but authorities believe improved security conditions and renewed partnerships with international energy companies will allow production to scale over the coming years. Plans also include advancing offshore developments and rehabilitating ageing facilities to support export growth.
Analysts say Libya’s proximity to Europe gives it a logistical advantage as European buyers diversify supply sources, though sustained investment and political stability will be critical to meeting the 2030 target. If realised, the strategy could position Libya as a more reliable gas supplier to southern Europe over the next decade.
Image Credit: Reuters
