Related Articles
Report
Forward article link
Share PDF with colleagues

Strangled development in Gaza and Lebanon

Lebanon and Gaza both hold commercial quantities of hydrocarbons. But regional politics are still stifling progress

Initial studies carried out in Lebanon in 2012 indicated positive hydrocarbon prospects, offshore as well as onshore. But the exploration and development of potential energy sources have become hostage to the political paralysis inside the country and mutual enmity between Lebanon and its southern neighbour, Israel. Intense political and sectarian rivalry has resulted in the country's parliament failing since mid-2014 to choose a new president. Political groups seeking to influence the shape of a future energy sector are also preventing the cabinet's vote on the model production-sharing contract and legislation to approve the country's 10 exploration blocks. "This could be wrapped up in no

Also in this section
Brexit casts dark cloud over UK's North Sea industry
18 December 2017
The UK's oil and gas sector has been the focus of some sizeable asset acquisitions recently, but uncertainty over the terms of the country's withdrawal from the EU is confusing the outlook
Saudi Arabia: Into the unknown
15 December 2017
The crown prince’s domestic and regional policies are taking the kingdom along several new and uncharted paths
Happy days ahead for Tullow Oil
14 December 2017
The company's bottom line suffered when crude prices crashed in mid-2014, but a landmark maritime boundary resolution should lead to a welcome boost for company revenues