Chairman of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, said there are exciting capabilities in Libya to develop hydrocarbons to provide Europe with oil and natural gas through the sea by the pipelines using the existing infrastructure, according to NOC. Sanalla added, in a forum in Sorrento, Italy, that Libya can provide safe supplies of oil and natural gas to Europe, and can complement or replace some current supplies, NOC said in a statement on Saturday. It is a major oil producer in Africa.”“In addition, this is an opportune time to invest in Natural Gas. There are broad global challenges to Natural Gas.”“I have talked about the challenges facing the global oil markets in other forums. But what I described today in Sorrento reflects the situation that the world’s Natural Gas markets are now facing.

Source: Libya Today May 16, 2022 14:02 UTC