Libya intends to increase its natural gas production over the next five years to about one billion standard cubic feet per day, with the aim of boosting its exports to Europe by early 2030. It also aims to start shale gas exploration operations during the second half of this year.
The move is aimed at taking advantage of the country’s large reserves and strengthening its position in the global energy market, the head of the National Oil Corporation (NOC), Masoud Suleiman, announced. Masoud Suleiman was speaking at the LNG 2026 conference held in Doha, Qatar from 2-5 February.
Libya has reserves estimated at 80 trillion cubic feet of gas, including conventional and non-conventional resources, he said, noting that current exports are still limited and are taking place through the Green Stream pipeline linking Italy.
He added that the NOC intends to launch a new round of tenders this year, which may include non-conventional resources or marginal fields, as part of its efforts to expand the investment base and increase production.
Libya’s Acting Minister of Oil and Gas, Khalifa Abdel Sadig was leading Libya’s participation in the conference.
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