The Libyan Policy Vacuum for Gas Developments: Addressing the Key Issues
Article from: OGEL 3 (2006), in Africa
In the thirty years spanning the use of the first three generations of the Libyan Exploration and Production Agreements (EPSAs), from EPSA-I in 1974 to EPSA-III in 2004, the failure of the Libyan National Oil Corporation (LNOC) to seriously address natural gas exploitation and development is very conspicuous. This has often been cited by analysts as one of the major reasons why the IOCs were reluctant to participate in Libya's gas industry. This is in stark contrast to how the Qatar government has successfully developed its massive gas resources, and to a more limited extent, Saudi Arabia, ...