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Libya Targets 1 Billion Cubic Feet Gas Production by 2030

2/3/2026

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Summary

Story summary

Libya aims to reach nearly 1 billion standard cubic feet per day by early 2030, per Massoud Suleman, chairman of the National Oil Corporation.
The country plans to start drilling for shale gas in the latter half of this year.
Libya holds about 80 trillion cubic feet of gas reserves despite chaos since 2011.
The bid round will announce winners on February 11 with 37 participating companies including Chevron and Eni.

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Story summary

Libya aims to reach nearly 1 billion standard cubic feet per day by early 2030, per Massoud Suleman, chairman of the National Oil Corporation.
The country plans to start drilling for shale gas in the latter half of this year.
Libya holds about 80 trillion cubic feet of gas reserves despite chaos since 2011.
The bid round will announce winners on February 11 with 37 participating companies including Chevron and Eni.