- Global Markets: LNG Buyers in Asia Look to Resell Supply
- Global Oil & Gas: EU Rules on Methane Curbs May Boost LNG Industry - Exxon
- Global Oil & Gas: Venture Global Accused of Reneging on LNG Contracts for Europe
- Global Oil & Gas: Oil Unchanged as Market Struggles for Direction
- Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’
The Libyan National Army (LNA), led by General Khalifa Haftar, launched an assault on January 15 to secure the El Sharara oil field, the country’s largest, which has a capacity of 300,000
The field has been offline since December. “Should the LNA succeed in taking over the El Sharara facilities, Haftar’s control over Libya’s strategically vital oil and gas resources would be hugely strengthened,” Verisk Maplecroft wrote in a note.
“This, in turn, would shore up Haftar’s bargaining position in ongoing negotiations with the Government of National Accord.”
Moreover, if the LNA does succeed, it also increases the odds of a rerun of the standoff with the internationally-recognized government in Tripoli, just as last year.
In 2018, a significant portion of Libya’s oil went offline when the two sides fought over control of the nations’ oil export terminals.