Energy Minister Gibran Bassil says Lebanon will begin oil and gas exploration within two years. Bassil spoke on Friday while launching a pre-qualification process for companies that want to get licenses for oil and gas work off the Lebanese coast. “The deadline for submitting applications will be on March 28
French consultant Beicip Franlab published a report in which it estimates the reserve potential offshore Lebanon at 440 million-675 million barrels of oil and 15 trillion cubic feet of gas, according to UPI. The new oil reserves were found off Lebanon’s northern maritime boundary with Cyprus and Syria,
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.