Thursday, October 23, 2014

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News - Lebanon

Displaying 1 - 10 of 49 articles

East Med Gas: Immediate and Distance Solutions

The Eastern Mediterranean became central in natural gas dialogues since the discovery of substantial amounts of natural gas under its seabed. The increased attention it received could be explained by the simple fact that the Eastern Mediterranean was considered energy poor until Israel’s discovery...

What Lebanon's Delayed Entry in the Energy Game Actually Means

Lebanon’s repeated postponement of its first licensing round is cause for concern. The bidding round was set to be launched in August 2014, after three previous missed dates, and it is no surprise that it will be delayed - again. The failure of the country’s decision-makers to agree on crucial...

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...

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