|
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
. | ![]() |
. |
|
![]() |
![]() by Daniel J. Graeber Milan, Italy (UPI) Mar 16, 2015
Italian energy company Eni said Monday it made what it considers to be a significant discovery of natural gas off the coast of war-torn Libya. The company said it produced about 29 million cubic feet of natural gas per day from a discovery well off the Libyan coast. Its estimated capacity is 50 million cubic feet per day and its proximity to existing production infrastructure will allow for rapid development. "This exploration success further confirms the enormous potential of Libyan gas resources," the company said in a statement. "The future development of Libyan resources will allow supporting the growth of the domestic consumption and industry, while maintaining Libya's position as a strategic supplier for Italy and Europe." Italy received nearly 10 percent of its natural gas from Libya's Greenstream pipeline before the Libyan civil war began in February 2011. Eni started production from Libyan offshore fields feeding that pipeline in 2004. Onshore oil production is curtailed by violence in a dividing Libya. The group calling itself the Islamic State is behind much of the violence, though rivalries exist between competing centers of power in the North African country. Four Filipino workers were kidnapped from an oil field in Libya last week, just one day after 77 nationals were repatriated in Manila. With a legacy extending back to 1959, Eni said it's the largest international oil company working in Libya and is producing 250,000 barrels of oil equivalent from its assets there.
Related Links All About Oil and Gas News at OilGasDaily.com
|
![]() |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service. |