Libya's NOC methanol production restricted by gas shortage

04 January 2013 14:25  [Source: ICIS news]

LONDON (ICIS)--Libya’s National Oil Corporation (NOC) is running one of its two methanol plants at 60% capacity because of gas shortages, a company source said on Friday.

The 330,000 tonne/year unit, located in Marsa El-Brega, Libya, was restarted in October 2012, having been shut down in February 2011 at the onset of the Libyan civil war.

The second plant at the site – of equal capacity – remains offline, despite expectations from market players of a restart in late 2012.

The company source said attempts to restart the plant were ongoing. but being held up by various technical problems.

The source declined to suggest a schedule for the second plant’s eventual restart.

By: Ross Yeo
+44 208 652 3214

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