Lebanon's Offshore Natural Gas: A Complicated Story

Alessandro Bacci

I have recently participated in a couple of conferences related to the possible development of an energy sector in Lebanon. Although one of the conferences covered in a very intelligent way also the possibility of the development of renewable energy sources in Lebanon (the country is quite gifted in this regard), the country's energy future seems to be strongly linked to fossil fuels (especially natural gas) located offshore. According to Spectrum, a Norwegian company working in the seismic services market, Lebanon could have up to 25.4 TCF of recoverable offshore gas reserves. In other words, the real game changer will be natural gas buried in the eastern Mediterranean. At the time of this writing surveys are being conducted with reference to Lebanon's onshore territory and some results will be released soon. It is worth remembering that no oil or gas has yet been found in Lebanon’s waters, but that the surveying activity to date has indicated that Lebanon has much potential.

From: Alessandro Bacci FULL STORY