Libya Signals a New Gas Push as Europe Searches for Supply

Libya will step up its natural gas production to be able to supply more of the commodity to Europe, the chairman of the national Oil Corporation said today, as quoted by Reuters. Masoud Sulaiman said the country’s national oil company will aim to ramp up natural gas production to almost 1 billion cu ft daily and begin exploration in its shale deposits in the second half of the year, the Reuters report also said. Sulaiman did not elaborate on what volumes would be made available to European buyers. Libya has natural gas reserves of an estimated…