Lebanon’s gas hopes threatened by corruption
Energy sector legislation may not prevent corruption marring any future gas discoveries, a new book says
Lebanon will take important steps in the coming months which will ultimately determine if it is to join the ranks of East Mediterranean countries with offshore gas reserves. A consortium of Total, Italy’s Eni and Russia’s Novatek is expected to start drilling in the country’s Block 9 concession by mid-2020. And 31 January next year is the bid closing date for five more offshore blocks (1,2, 5, 8 and 10). All looks set fair. Given Lebanon’s current economic problems—and the angry public reaction to government efforts to solve them—the discovery of gas would surely provide an enormous boost for the country’s coffers. Or would it? Only a few pages into The Future of Petroleum in Lebanon: Ene
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
