Lebanon: tired of waiting
The country has postponed its offshore bid round deadline amid continuing domestic and geopolitical uncertainties
When exactly Lebanon will join the Eastern Mediterranean party still isn't clear. Egypt and Israel have made huge natural gas discoveries in their waters and Cyprus is hoping soon to follow suit. Lebanon, by contrast, hasn't yet reached the starting line. Back in 2013, the signs looked so promising. No fewer than 46 IOCs were prequalified for a process that would eventually see some of them tapping the estimated 95 trillion cubic feet of gas under Lebanese waters. But then politics put a hammer in the works. For 30 months Lebanon had no president and no effective government. Early this year, with the political system back on track, the energy ministry announced that the bid round would proce
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
