But it has also opened up new opportunities for the exporting of Libyan and Algerian gas. Supplies From Libya and AlgeriaLibya boasts proven gas reserves of 1,500 billion cubic meters (bcm). Pierre Terzian, the founder of the French energy think-tank Petrostrategies, points out that four underwater gas pipelines link these two producers directly to the European mainland: the first links Libyan gas fields with Italy; the second Algerian gas fields to Italy via Tunisia; the third Algerian gas fields to southern Spain; and the fourth the same gas fields to southern Spain via Morocco. Europe has done a lot to expand the gas transmission grid among EU countries, but some major gas peninsulas remain. By discarding Algerian gas, Germany has tied itself to Russian goodwill.

Source: Libya Today March 03, 2022 15:04 UTC