Libya Shifts Focus to Natural Gas Valorization Amidst Criticism of Gas Flaring
The Libyan energy sector has traditionally focused on oil production, with the country recently deciding to increase production volumes. However, in recent months, the Global Gas Flaring Tracker has suggested that Libya should also invest in natural gas valorization. This idea has been echoed by the World Bank Group, which condemns the country's practice of gas flaring, which has intensified between 2022 and 2023.
In reality, gas flaring involves burning natural gas dissolved in oil pockets without any form of valorization. The volumes of burned gas have been estimated at 14 m3/barrel in 2022 and 15.2 m3/barrel in 2023. According to the World Bank's latest report on Libya, no investments have been made to improve infrastructure and exploit gas resources.
If Libya decides to put an end to gas flaring, it will reduce its greenhouse gas emissions while making natural gas valorization more profitable. It's worth noting that Libya's oil production reached 1.58 million barrels per day in November 2024.
By shifting its focus to natural gas valorization, Libya can unlock new economic opportunities while reducing its environmental impact. This move could also contribute to the country's energy transition and diversification efforts.
