Cyprus and Lebanon agreed to boost cooperation and look into ways to explore gas and oil in their waters, President Michel Sleiman said Thursday. “We have given the issue of the gas and oil available in our water top priority and agreed to increase cooperation to agree on principles and sound means that would allow […]
The Lebanese minister of energy Gebran Bassil was accused by MP Ghazi Youssef of suspending the construction project of a power plant in Deir Amar which was won by the Spanish company Abener-Butec because the Aounist company that bid for the project and his partner lost. Youssef said: “Two companies related to the Aounists bid […]
Williamsport, Pennsylvania, used to be celebrated for its past — as the 1938 birthplace of Little League Baseball, which still plays its annual World Series nearby. Then natural gas was found. Now this once-sleepy chunk of north-central Pennsylvania is a star on the map of an emerging national energy rush.
By Ian Bremmer: Drawn-out wars, economic struggles, exploding debt — it’s easy to point to these signs and conclude that America is in an irreversible decline;
Lebanon’s ministry of energy and water has invited eligible companies involved in the liquefied natural gas import and re-gasification industries to express their interest in a planned local project, the state-run National News Agency reports Thursday.
The American University of Beirut recently announced it has partnered with researchers from the Lebanese Association for Energy Savings and for Environment (ALMEE) and researchers from Cyprus, Greece, Italy, Malta and Egypt to study the possibility of producing algae-based biodiesel.
March 14 MP Mohammed Qabbani who heads the energy parliamentary committee accused Energy Minister Gebran Bassil of wanting to spend money freely without any controls. He added that Bassil” lost his mind during the meeting and was cursing everyone left and right.”
Lebanon’s Economy Minister Nicolas Nahhas said on Wednesday that “the funding” of the Change and Reform bloc’s electricity draft bill is the only matter which has not yet been resolved in the cabinet.
Finance Minister Mohammad Safadi said in remarks published on Tuesday that the Lebanese Treasury is unable to afford the $1.2 billion dollars requested by the Change and Reform bloc ( which is headed by MP Michel Aoun ) for its draft energy bill.
British oil firm Cairn Energy (CNE.L) said it was focusing on concluding a long running deal to sell a stake in its Indian unit to Vedanta (VED.L), but was also looking at opportunities to explore for oil and gas in Lebanon.