The National Oil Corporation (NOC) of Libya announced on Tuesday that domestic consumption of natural gas reached 1.108 billion cubic feet over the past 24 hours.
The data, shared via the corporation’s official social media, highlights the gas consumption rates of various local entities.
The General Electricity Company of Libya (GECOL) consumed the largest share, using 924 million cubic feet of gas within this period.
Additionally, the NOC reported its own consumption at 87 million cubic feet. The corporation also provided GECOL with 6,436 metric tons of diesel and 18,578 barrels of crude oil to ensure a stable power supply.
Other industries also contributed to the overall gas consumption. The Libyan Iron and Steel Company, alongside smaller factories, consumed about 65 million cubic feet, while cement factories accounted for 32 million cubic feet.
Libya is heavily reliant on natural gas and oil for both its domestic energy needs and exports. The country’s electricity sector, in particular, is a major consumer of natural gas, with GECOL being the primary user.
The nation’s economy, highly dependent on oil and gas revenues, faces challenges in balancing domestic energy demands while ensuring exports remain strong.
Since the outbreak of conflict in 2011, Libya’s energy infrastructure has been a key target, causing frequent power shortages and interruptions. Despite these challenges, Libya’s NOC has been working to restore production levels to pre-conflict capacity.
The consistent supply of natural gas to industries like iron, steel, and cement production, along with the provision of crude oil and diesel, is crucial for maintaining economic stability and supporting ongoing reconstruction efforts.
Libya’s vast reserves of oil and natural gas make it a key player in the global energy market. However, maintaining steady domestic consumption while managing exports is a complex balancing act, especially in a country still dealing with political instability and regional divisions. The NOC’s ability to meet these demands highlights the resilience of the sector, despite ongoing difficulties.
