How much energy does Libya need in 2022?

Fossil fuels met nearly all of Libya’s energy demand, with oil accounting for 57% and natural gas accouting for almost 43% in 2022. Rooftop solar projects met less than 1% of the remaining energy demand.15

How much oil does Libya export?

Crude oil and natural gas export revenues are a significant part of Libya’s economy, accounting for an estimated 97% of Libya’s total government revenues and an estimated 93% of the country’s total value of exports in 2023.13 We estimate that Libya’s net oil export revenues totaled $30 billion in 2023, similar to 2022 totals.

How is energy used in Libya?

Total energy supply (TES) includes all the energy produced in or imported to a country, minus that which is exported or stored. It represents all the energy required to supply end users in the country.

How much natural gas does Libya use?

Libya’s natural gas consumption totaled 305 Bcf in 2023 and accounted for more than 70% of domestic production after 2020 (Figure 5).51 The electric power sector drives Libya’s domestic natural gas demand, accounting for about 85% of Libya’s domestic natural gas use in 2022.

Why are imports and exports regulated in Libya?

In Libya, the import and export of certain goods are strictly regulated as part of the country’s commitment to maintaining safety, security, and national interests. Understanding these prohibitions is crucial for traders engaged in international commerce.

What fuel does Libya use?

Libya fueled its electricity generation with natural gas (71%) and oil (29%) in 2022.63 Diesel and fuel oil accounted for most of the petroleum used in power plants, although the Ubari power plant at the Sharara oil field uses crude oil as a fuel.