According to the data from S&P Global Platts Analytics, gas exports have been steady in recent days at around 13 million cubic meters per day.
In 2019 Libya was responsible for exports of gas to Italy, its only destination for exportation of gas, at an average of 15 million cubic meters per day, and 5.4 bcm, which accounts for around 8% of total gas consumption of Italy.
The Italian gas grid operator’s Spokesman Snam said that “gas flow from Libya to Italy has been normal over the last few days.
Libya’s crude output is on the verge of collapse. Unless its major oil fields and export ends are shut down it could fall to less than one-tenth of the country’s 1,2 million b / d production capacity.
The LNA, led by General Khalifa Haftar, has been trying since April to seize the control of Tripoli from the United Nations-supported Libyan Government.
Haftar’s great ambition was to gain access to the oil returns of the country currently under the control of the GNA, the Central Bank of Libya in Tripoli.
State NOC warned that if the blockade persists, oil production in western Libya might be restricted only to offshore and Wafa fields.
Much of the gas supplies from Wafa or from the Bahr-essalam field, Libya ‘ s largest offshore gas field, to the Mellitah Gas Terminal, the site of the Greenstream pipeline.
The participants in the European gas market said the situation in Libya was not overly concerned, and an Italian gas trader said it was unlikely to be seriously disturbed Tuesday.
However, an Italian gas analyst said that if a contract with Haftar is not reached soon supplies from Libya might be faltering.
However, given the large gas volumes in storage, the analyst said the market in Italy could handle any disruption.
According to the latest BP Statistical Analysis of World Energy, Libya’s gas production totaled 9.8 Bcm in 2018.
The previous 16 Bcm in 2010 before Moammar Gaddafi’s demise in 2011, leading to a country’s civil war and upstream disturbances, is still below its current high.
Since 2011 activity near the Mellitah gas complex has been affected on a small number of occasions by flows via the Green Stream pipeline, but deliveries have remained stable for quite some time.
In the meantime, offshore development has been largely resistant to the political chaos and activity in the Libyan energy sector since 2011.
The remaining 4.4 Bcm were mostly used for electricity generation in Libya itself when gas exports last year reached 5.4 Bcm.
According to BP, the fourth-highest gas reserve in Africa after Nigeria, Algeria and Egypt are 1,4 Tcm, the proven reserves of Libya.