Sunday, March 3, 2013

Libyan Gas Exports

Libya's natural gas reserves are not quite so exstensive as their oil reserves, but the natural gas that Libya does have is mainly exported to Italy through a pipeline.

Since Saturday ( March 2, 2013 ), a conflict between militias has shut down a natural gas complex. This particular complex provides 8 billion cubic meters of gas, and Libya itself provides Italy with 10% of its natural gas ( the other 90% comes from Russia, Norway, and Algeria).

As soon as the security of the complex has been guaranteed, exports have promised to be resumed.

http://www.reuters.com/article/2013/03/03/libya-gas-italy-idUSL6N0BV15J20130303

I think this is interesting when I consider it from the view of trade dependencies between different
countries. While Italy is not completely dependent on Libya's natural gas, the lack of natural gas
from Libya is still going to cause a lot of problems.

No comments:

Post a Comment