Lebanon's Prime Minister Saad Hariri arrives at an international conference on the future of Syria and the region
Lebanon's energy sector relieved as political headwinds ease
With a new cabinet in place, offshore operators will feel more comfortable and a new bid round can proceed
It took nine months to put together and the result does not please every faction in Lebanon's complex political mosaic, but the country at last has a government – including a new energy minister, Nada Boustani. Boustani is no stranger to the job: she has worked in the ministry since 2010 and was most recently an adviser to the previous incumbent. She is also well known to foreign investors in Lebanon's energy sector. One of her first tasks will be to assure the consortium, which was awarded licences for two offshore blocks in late 2017, that the country can now look forward to a period of relative political stability. The consortium, consisting of Eni and Total (each with a 40% share), along
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
