Libya’s decision to reduce gas supply to Italy would be “a problem for the Libyans and not for the Italians,” Italian news agency Nova reports.
This “problem” is the consequence of the decision made by the Tripoli-based government, led by Abdul Hamid Dbeibeh, to cut gas supply to Italian company Eni by 25 percent. The government is reported to be scumbling to meet the demand for electricity stations during Libya’s current electricity supply crisis.
However, according to Nova, this would mean that “the North African country is no longer able to honor the international contracts that guarantee the only source of income”.
Nova noted the decision comes while oil prices on international markets are very high, which could lead Libya “on the verge of chaos”.
Eni monitors gas flow from Libya after Tripoli government proposes 25% cut