Libya's Export Gloom

摘要

Current gas exploration efforts in Libya reveal a "gloomy picture regarding possible additional gas reserves," an industry source tells WGI. And without significant gas finds, new export projects will not get off the ground. "All new export projects have to be based on new discoveries," WGI is told by a second analyst.The global economic slowdown and associated dip in world gas demand also mean that companies are likely to curtail exploration in higher-risk licenses, which in Libya includes most gas acreage. Royal Dutch Shell in the Sirte Basin, for example, is drilling for tight and deep gas, where impurities are expected (WGI Nov.l2,p4). Offshore, where Hess, BP and Exxon Mobil are exploring, the geology is not proven.