The Eastern Mediterranean is quickly turning into an energy hub due to the discovery of significant gas resources in recent years. Egypt, for example, has already started production at its giant Zohr gas field, which transformed North-African state from an importer into an exporter of energy. Israel, for the first time in its history, will become a net exporter instead of importer concerning gas. Also, Cypriot waters have seen their fair share of significant discoveries in recent years. Lebanon, on the other hand, is one of the few countries in the Eastern Mediterranean which hasn’t yet been able to deliver any good news. However, according to some estimates, the area could generate $200 billion in revenues based on 96 trillion cubic feet of gas reserves and 865 million barrels of oil reserves. Russia has been making significant inroads into the Lebanese energy sector with practically all major Russian companies […]