The Undersecretary of the Ministry of Industry and Minerals, Mustafa Al-Samou, held a meeting with representatives from the National Oil Corporation (NOC) and the General Electricity Company of Libya (GECOL).
The meeting aimed to explore the feasibility of supplying power generation plants with liquefied natural gas (LNG) instead of liquid fuel, while discussing the associated technical, economic, and logistical aspects of this.
Reducing electricity production costs
The discussion addressed the role of LNG in reducing electricity production costs and curbing liquid fuel consumption, thereby contributing to improved plant operational efficiency and enhanced energy supply stability.
Ensuring optimal use of national resources
Participants also examined the requirements for implementing this initiative, emphasizing the importance of coordination among relevant entities to establish a clear implementation mechanism that ensures the optimal use of national resources and supports the stability of the electricity grid.
Libya’s summer of crises
The meeting comes on the back of Libyan summer of discontent. This was dominated by high temperatures, acute power cuts and black-outs, water shortages, violent demonstrations calling for the downfall of the government, erected roadblocks set on fire and state and government buildings barricaded, petrol and diesel shortages and very long queues outside petrol stations, and shortages and price spikes of bread.
On another level, fuel depots, desalination plants and power plants were attacked using armed drones.
