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News - Lebanon

Displaying 1 - 10 of 46 articles

CNOOC in Aphrodite: Boosting Cypriot Hopes

Recent news that China National Offshore Oil Corp. (CNOOC) is negotiating to buy a 30-40% interest in Block 12 of Cyprus' Aphrodite gas field may be a real shot in the arm for the natural gas industry in Cyprus, according to Charles Ellinas, CEO at ECP Cyprus National Hydrocarbons Company Ltd. “It's...

US Officials Visit East Med to Assist with its Emergence as an Energy Power

US Secretary of State John Kerry visited Lebanon last week where he met with Parliament Speaker Nabih Berri. Kerry announced to Berri that the US will be providing Lebanon with a financial aid to ease the burden created by the Syrian influx of refugees to Lebanon. Lebanon is providing sanctuary to over...

Cyprus' Role in East Med: Plan A and Plan B

Cyprus still harbors big hopes for the installation of an LNG plant at Vasilikos, according to Charles Ellinas, until recently Executive President, Cyprus National Hydrocarbons Company, but his country's role in the Eastern Mediterranean natural gas context may be receding. Mr. Ellinas offered...

Globalization's Litmus Test? Middle East & North Africa

The current international negotiations about Syria in Geneva are of great interest for the international community. But as talks demonstrate, the international community is such a vague concept, a flimsy idea that does not depict the complexity of the relationships involved, now more than ever. It comes...

Lebanon: Bidding Round Set to Open on 10 April 2014

Delayed for the third time already, Lebanon’s first offshore bidding round is now set to be opened on April 10, 2014. The various delays and postponements are threatening to deter investors from participating in the development of Lebanon’s believed to be vast deposits of natural gas. Local...

Lebanon: Israel's Intent to Unilaterally Demarcate its Maritime Borders Violates International Law

Lebanese caretaker Foreign Minister Adnan Mansour stated on 21 December 2013 that Israel's intent to unilaterally demarcate its maritime border with Lebanon is a violation of International Law and of the 1982 United Nations Convention on the Law of the Sea (UNCLOS) and will not have any legal repercussion...

Politics Trump Economics in the Complex Game of Eastern Mediterranean Hydrocarbons

A 2010 publication of the U.S. Geological Survey caused major excitement in Cyprus, an island that at the time was suffering from the economic collapse of its neighbor and major trading partner, Greece. According to the publication, the seabed of the Eastern Mediterranean could contain up to 120 trillion...

Changing Tides for East Med Natural Gas

Ongoing political, diplomatic and corporate developments with regards to Eastern Mediterranean natural gas reserves are taking yet another turn with obvious signs of a shift in Israel’s policy towards Turkey, amidst intense geo-economic antagonisms by various regional and global players. Recently...

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