WLGP meaning in Business ?

Answer: What is Western Libya Gas Project mean?

The Western Libyan Gas Project (WLGP) is a 50–50 joint venture between the Libyan National Oil Corporation (NOC) and the Italian company Eni which came online in October 2004. By July 2007, 280 billion cubic feet (7.9 billion cubic metres) per year of natural gas was being exported from a processing facility at Melitah, on the Libyan coast, through the Greenstream pipeline to southeastern Sicily. From Sicily, the natural gas travels to the Italian mainland, and then onwards to the rest of Europe. WLGP is the first major project to valorize the natural gas produced in Libya through export to and marketing in Europe. WLGP is supplied from production at the Bahr Essalam and Wafa fields, which is processed at the onshore Mellitah treatment plant.

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