Author Archives: Mona Sukkarieh

Gas sector a catalyst for further cooperation between Lebanon and Egypt

Gas sector a catalyst for further cooperation between Lebanon and Egypt

Reading Time: 6 minutes The first six months of 2019 saw an unusual series of meetings between Lebanese and Egyptian officials, with energy cooperation at the core of these discussions. If memory serves well, the frequency is unprecedented. The option of resuming gas imports from Egypt was discussed extensively, especially during the first meetings of 2019. Lebanon previously imported

The Eastern Mediterranean Gas Forum

Reading Time: 7 minutes Energy ministers from Egypt, Cyprus, Greece, Israel, Italy, Jordan, and the Palestinian Authority took an important step toward establishing an Eastern Mediterranean Gas Forum (EMGF) on January 14, in Cairo. According to the declaration that followed the meeting, the EMGF will, among other things, assist in the creation of a regional gas market, ensure the

Oil and gas in the Eastern Mediterranean

Reading Time: 10 minutes This year saw the translation of international oil companies’ interest in the Eastern Mediterranean—following the discovery of Zohr, in Egypt, in 2015—into concrete projects, and the confirmation of the region’s potential, with a new and promising discovery in Cyprus. Egypt received its final liquified natural gas (LNG) shipment in September and is aspiring to become

Lebanon’s second licensing round

Reading Time: 5 minutes Preparations for the launching of Lebanon’s second offshore oil and gas licensing round have begun. The regulator, the Lebanese Petroleum Administration (LPA), has published a tentative timeline for the tender, which will be officially launched at the end of 2018. The process, including the pre-qualification phase, will extend over a period of one year. The

Aphrodite’s blues

Reading Time: 4 minutes As the final preparations for the May 8 trilateral summit between the heads of state of Cyprus, Israel, and Greece were being laid out—the fourth such summit in just over two years, with so far, more words than actions—news broke that Cyprus and Israel might resort to international arbitration to resolve a dispute over Aphrodite,

Don’t get caught up in the hype

Reading Time: 5 minutes It is tempting for resource-poor countries to overestimate the promise of newly discovered hydrocarbon resources, particularly in times of need. Cyprus’ experience after the discovery of the Aphrodite gas field in late 2011 is revealing. Back then, during a time of economic crisis, many placed unrealistic expectations on this potential offshore wealth, hoping  it would

Troubled waters

Reading Time: 6 minutes A comment made by Israeli Defense Minister Avigdor Lieberman at a Tel Aviv conference on January 31 sparked outrage in Lebanon, bringing the issue of the maritime border dispute between Lebanon and Israel back into the spotlight and catching Washington’s attention once again. The Obama administration started mediating between Lebanon and Israel to help contain

A roadmap for 2018

Reading Time: 5 minutes This article was originally published in print on February 2, 2018 as part of Executive’s special report on oil & gas. At the end of January, Lebanon signed oil and gas Exploration and Production Agreements (EPA) with a consortium of companies composed of France’s Total (as operator), Italy’s Eni, and Russia’s Novatek. The consortium had

The saga of Lebanon’s first licensing round

Reading Time: 3 minutes At the end of 2017, politics once again threatened the completion of Lebanon’s first offshore oil and gas licensing round. More than four years ago, former Prime Minister Najib Miqati resigned the very day his cabinet was set to discuss two decrees needed to open the bid round. Those decrees finally passed in January 2017,

Lebanon’s oil & gas sector

Reading Time: 3 minutes   Lebanon is finally stepping into the exploration phase. The Council of Ministers approved the awarding of exploration and productions licenses mid-December to a consortium made of France’s Total, Italy’s Eni and Russia’s Novatek. Contracts are expected to be signed in January 2018. Given the context that surrounded the organization of Lebanon’s first offshore licensing

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