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Survey of Energy Resources 2007

Natural Gas Country Notes

Libya/GSPLAJ

Proved recoverable reserves (bcm)

1 491

Production (net bcm, 2005)

11.3

R/P ratio (years)

> 100

Year of first commercial production

1970


Proved reserves - the fourth largest in Africa - have been largely unchanged since 1991, according to OAPEC and other published sources. Utilisation of the resource is on a comparatively small scale: net production in 2005 was only about a quarter that of Egypt.

Since 1970 Libya has operated a liquefaction plant at Marsa el Brega, but LNG exports (in recent years, only to Spain) have fallen away to only 0.9 bcm/yr.

Local consumption of gas is largely attributable to petrochemical/fertiliser plants and oil and gas industry use.