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Article: LIBYA - European Reliance On Libyan Energy.
- Article from:
- APS Review Gas Market Trends
- Article date:
- July 21, 2003
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Relative to other source countries, Libya now exports small quantities of gas in liquid form to Europe. But ENI's pipeline project will make Libya an important source of gas to Italy and a part of Central Europe, as Edison intends to market some of the Libyan gas in Slovania and Croatia. Italy, one of the main gas consumers in Europe, already relies heavily on Libyan oil (see OMT of this week).
Italy is the third largest market for gas in the European Union, next to Germany and the UK. Gas consumption in Italy is forecast to rise from the current 73 BCM per annum to 100 BCM by 2010, fuelled in part by a boom in gas-fired power generation. Algeria and Russia are ...