Libya joined a World Bank-backed initiative to end routine gas flaring by 2030 as part of efforts to reduce energy waste and improve environmental sustainability. Officials said Libya flared about 6.3 billion cubic meters of gas in 2024, causing losses estimated at $650 million. Government representatives discussed plans for technical support, policy development, and capacity building to improve associated gas use and strengthen the role of the energy sector in the national economy.
Libya Joins World Bank Gas Plan
Libya joined a World Bank-backed initiative to end routine gas flaring by 2030 as part of efforts to reduce energy waste and improve environmental sustainability. Officials said Libya flared about 6.3 billion cubic meters of gas in 2024, causing losses estimated at $650 million. Government representatives discussed plans for technical support, policy development, and capacity building to improve associated gas use and strengthen the role of the energy sector in the national economy.
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