The National Oil Corporation (NOC) has announced that the total domestic consumption of natural gas in Libya reached approximately 1.224 billion cubic feet over the past 24 hours.
Details of the natural gas consumption by local entities were shared on the corporation’s Facebook page. According to NOC data, the General Electricity Company of Libya consumed about 1.069 billion cubic feet of gas during this period, in addition to the 83.46 million cubic feet consumed by the NOC itself.
The NOC also supplied the electricity company with 8,528 metric tons of diesel and 18,074 barrels of crude oil.
Furthermore, the report highlighted that the Iron and Steel Complex and other small factories consumed approximately 62.9 million cubic feet of gas, while cement factories used eight million cubic feet.
Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations.
Libya’s economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya’s economy.
The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions.
The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition.
Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.
