HIGHLIGHTS IN THE LIBYA
Libya will invest $15bn in the sector to develop its oil fields, upgrade its production level and build a new refinery. With these plans, Libya’s production level should reach 3 Mbl/d in 2017.
Africa’s total energy production slightly fell by around 2%. Again hydrocarbons producing countries of which Algeria and Nigeria were more largely impacted. Furthermore the net exporting region Africa experienced a cut of 6% in its trade surplus.
WHAT YOU WILL FIND IN THIS REPORT
The Libya energy market report is a reliable source for understanding the key issues and dynamics shaping the Libyan energy industry. With timely, up-to-date energy industry data and demand forecasts, this report will help you identify and exploit challenges and opportunities in the Libyan energy sector. The report details the sub-sectors of the energy industry (Crude Oil, refined oil products, Natural Gas, Coal, Electricity and Renewable) in Libya.
In this report you will find:
-Overview of energy industry sub-segments: oil, gas, coal, power, renewable
-Evolution of the regulatory environment and institutions as regards energy and climate change policies
-Key companies active in the Libyan energy industry, along the value chain of each sub-segment
-Up-to-date insight on market structures, regulatory developments, and asset developments
-Supply & demand overview and trends, with a detailed breakdown by energy and by sector
-Historical data and trends relating to production, consumption, imports, exports and reserves for each industry sub-segment
-Energy projects under development in the country
-Key drivers of change and future issues for each energy type
MAIN REASONS TO BUY THIS REPORT
-Identify growth segments and opportunities in the industry
-Work with data-driven market research
-Obtain up-to-date, insightful and standardised information by country
-Assess how national regulations impact the Libyan energy industry
-Gain a clear view
Libya energy report Latest update: February 2010 Table of Contents LIST OF GRAPHS & TABLES 2 INSTITUTIONS AND ENERGY POLICY 3 ENERGY COMPANIES 3 ENERGY SUPPLY 3 ENERGY CONSUMPTION 4 ISSUES AND PROSPECTS 4 GRAPHS & DATA TABLES 6 Libya Energy Report – Copyright© Enerdata – All rights reserved 1 www.enerdata.net LIST OF GRAPHS & TABLES List of Graphs Graph 1: Installed Electric Capacity by Source (2008, %) Graph 2: Power Generation by Source (2008, %) Graph 3: Consumption trends by Energy Source (Mtoe) Graph 4: Total Consumption Market Share by Energy (2008, %) Graph 5: Final Consumption Market Share by Sector (2008, %) Graph 6: Primary Consumption since 1970 List of Tables Table 1: Economic indicators Population, GDP growth Imports & exports Inflation rate, exchange rate Table 2: Supply indicators Oil & Gas proven reserves Electric & refining capacity detailed by source Production by energy source Power production by source External trade by energy Table 3: Demand indicators Consumption / inhabitant Consumption trends Total consumption by energy Final consumption by energy and by sector Electricity consumption by sector Energy security indicators Energy efficiency indicators CO2 emissions Table 4: Energy Balance Total energy balance Detailed energy balance by energy Libya Energy Report – Copyright© Enerdata – All rights reserved 2 www.enerdata.net INSTITUTIONS AND ENERGY by geopolitical opposition to foreign investments. The largest of those companies POLICY are Repsol YPF, ENI, OMV and Total. Libya is a member of OPEC, the Organisation Gas of Petroleum Exporting Countries, and is the Gas production is dominated by NOC. The African country with the largest proven oil exports are mainly carried out through joint reserves. ventures. The energy sector is managed by two Western Libyan Gas Project is a joint different entities. The General People’s venture (50% NOC and 50% ENI) that Committee for Electricity, Water and Gas exports natural gas to Italy via the is in charge of the electricity sector, and the Greenstream gas pipe. Ministry of Energy is responsible for the oil and gas sectors. Another joint venture, the Arab Company for Oil and Gas Pipelines (ACOG), was The Ministry of Energy was dissolved between created by NOC and ENI with the objective of 2000 and 2004, and during that period the connecting the reserves of Egypt and Libya to sector was controlled by the National Oil Italy. The aim is to transport Egyptian natural Company. Since its rehabilitation, the gas to Libya (for electricity generation, Ministry has managed the production and desalinisation or exports), and Libyan oil to exploration rights through Exploration and Egypt (for refining and consumption). Production Sharing Agreements (EPSAs). The downstream investments are subject to the Shell currently controls the Marsa El-Brega 1997 law on foreign investments. LNG plant. ENERGY COMPANIES ENERGY SUPPLY Electricity Resources General Electricity Company of Libya is The proven crude oil reserves are estimated the public national electricity company. It at 6 Gt. The gas reserves are estimated at ensures the generation, transmission and 1500 Gm3. distribution of electricity. Electricity Oil The total installed capacity is 6.6 GW (end of The oil sector is dominated by the public 2008). GECOL has 30 power plants, most of company National Oil Company. This which run on stream units or gas turbines. company has many entities which represent more than half of the country’s oil The rural regions are covered by diesel production. The largest of those entities are generators. Waha Oil Company (WOC), which is the country’s largest producer, Arabian Gulf Oil The Libyan electricity network is inter- Company (Agoco), Zueitina Oil Company connected with the Egyptian and Tunisian (ZOC), Sirte Oil Company (SOC) and Tamoil. networks. Foreign companies are also involved in Oil exploration and production, but are affected Oil production has strongly increased since 2000 (+30%). The large majority of the Libya Energy Report – Copyright© Enerdata – All rights reserved 3 www.enerdata.net crude oil is exported (approximately 80%), 20%, gas with 19% and, finally, biomass with mainly to Europe (38% Italy, 19% Germany, 1%. 8% Spain, etc.). The production exceeds the Transport represents the largest share of OPEC quota (88 Mt in 2008 instead of 76 Mt). final consumption (35%), followed by the residential-tertiary sector (26%), non-energy The refining capacity amounts to about 378 uses (23%) and industry (16%). 000 bl/day and is mainly located in two large refineries: Ras Lanuf (220 000 bl/day) and Zawiya (120 000 bl/day). ISSUES AND PROSPECTS Gas Electricity Gas production has strongly progressed since The demand is increasing thanks to the 2000, from 6 Gm3 to 17 Gm3, following the electricity subsidy policy (approximately one- commissioning of the Greenstream gas pipe, third of the market price). The Government which connects Libya (Mellitah) to Italy (Gela also anticipates a rise in the demand linked in Sicily). This 520 km-long gas pipe has a to a future increase of the oil production capacity of 8 Gm3/year. capacity. It aims to invest $11bn to raise its installed elect
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