Libya energy storage cabinet export information

What is Libya's energy supply based on?

Furthermore, in 2020, the combined revenues from oil and natural gas exports constituted approximately 73% of Libya's total export value. In 2020, the total energy supply (TES) primarily came from oil and gas, which contributed 53% and 43%, respectively, while renewables accounted for approximately 4%.

How has civil unrest affected Libya's energy exports?

Following the outbreak of civil unrest in mid-February, Libyan oil and natural gas production has been cut by 60 to 90 percent, affecting Libya's energy exports. Oil exports have fallen with production and Libya's natural gas exports to Italy via the Greenstream pipeline stopped in late February.

How much oil does Libya export?

Crude oil and natural gas export revenues are a significant part of Libya’s economy, accounting for an estimated 97% of Libya’s total government revenues and an estimated 93% of the country’s total value of exports in 2023.13 We estimate that Libya’s net oil export revenues totaled $30 billion in 2023, similar to 2022 totals.

How much natural gas does Libya use?

Libya’s natural gas consumption totaled 305 Bcf in 2023 and accounted for more than 70% of domestic production after 2020 (Figure 5).51 The electric power sector drives Libya’s domestic natural gas demand, accounting for about 85% of Libya’s domestic natural gas use in 2022.