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
Oil and gas in the new world order
22 March 2017
Geopolitical risks are changing and rising. The energy sector will be in the crosshairs
Slow reset of US-Russian relations
20 March 2017
Trump and Tillerson should help improve US-Russia relations. But an end to sanctions doesn't look imminent
Building walls
20 March 2017
The new White House promises to be generous to energy. Some policies will be anything but