Lebanon On The Brink As Fuel And Electricity Shortages Grip The Country
On the last day of the month, armed protesters took to the streets of Tripoli. They were outraged by the power outages and the story of a child on life Continue Reading
Lebanese Power Stations Shut Down as Crisis Deepens
Lebanon is struggling with severe electricity and water shortages after two of the country’s main power plants ran out fuel, the latest manifestation of a financial crisis that shows little Continue Reading
Soaring Fuel Prices In Lebanon Could Trigger A ‘Social Explosion’
Lebanon, which is in the midst of a severe economic crisis, is “days away” from a social explosion, the country’s caretaker prime minister warned on Tuesday, moments before renewed, violent Continue Reading
As Lebanon’s Crisis Deepens, Lines for Fuel Grow, and Food and Medicine Are Scarce
As she sat in the sun in her Mini Cooper inching her way through a long line of cars to get gas, Lynn Husami, 23, tried to use her time Continue Reading
Lebanon’s caretaker prime minister condemns Tripoli violence
Lebanon’s caretaker prime minister on Friday condemned overnight violence in the city of Tripoli, where protesters angry over a strict lockdown clashed with security forces and set the municipality building Continue Reading
Lebanon needs two-week lockdown after ‘shocking’ COVID-19 rise, minister says
Lebanon must shut down for two weeks after a surge in coronavirus infections, the caretaker health minister said on Monday, as the country reels from the massive Beirut port blast. Continue Reading
Lebanon Credit Rating Cut to Lowest Grade by Moody’s
Lebanon had its rating cut to the lowest grade by Moody’s Investors Service, which said that bond investors will likely suffer major losses on their holdings as the government struggles to Continue Reading
Lebanon’s economic crisis worsens amid shortages, currency collapse
Most parts of Lebanon are receiving no more than two or three hours of electricity a day. An incoming flight at Beirut’s airport had to abort a landing this month Continue Reading
Is Lebanon’s Natural Gas Boom Dead In The Water?
Is Lebanon’s Natural Gas Boom Dead In The Water? Description: Absent any discovery thus far, there has been little talk as to what to do with Lebanon’s offshore hydrocarbons, once Continue Reading
Lebanon’s economic crisis: currency collapse and inflation put food out of reach
The Lebanese love their food. Their elaborate spreads of grilled and sauteed meats, colorful salads and various vegetable dips, usually garnished with pine nuts, are a source of pride and Continue Reading
Long road ahead as Lebanon begins exploratory drilling for offshore oil and gas
Drilling of Lebanon’s first offshore well started on February 27. All eyes are pinned on Byblos 1, waiting to find out whether it is a dry or a commercial well. Continue Reading
More than 300 people wounded in Beirut protest clashes: rescuers
Lebanese rescuers treated more than 300 people for injuries during hours of clashes between security forces and protesters that rocked central Beirut on Saturday night. It was the highest toll Continue Reading
U.N. official: Lebanese politicians watching as economy collapses
Lebanese politicians are watching the economy collapse, the senior U.N. official in Lebanon said on Wednesday, rebuking a political elite that has failed to form a government as the country Continue Reading
This Exploration Blind Spot Offers Great Promise
Based on currently available geophysical data, the Lebanese government estimates that the offshore oil and gas frontier areas in the East Mediterranean may hold around 25 trillion cubic feet of Continue Reading
Lebanon’s Prime Minister, Saad Hariri, to Step Down
Prime Minister Saad Hariri of Lebanon said on Tuesday that he and his cabinet would resign, bowing to a basic demand of the enormous antigovernment protests that have consumed the Continue Reading
Lebanon battles worst wildfires in decades
Firefighters and specialist aircraft in Lebanon are working to tackle a series of wildfires which have broken out during a period of high temperatures and strong winds. The blazes started Continue Reading
Trump’s sanctions on Iran are hitting Hezbollah, and it hurts
The powerful Lebanese Hezbollah militia has thrived for decades on generous cash handouts from Iran, spending lavishly on benefits for its fighters, funding social services for its constituents and accumulating Continue Reading
Fixing Lebanon’s ruinous electricity crisis
Lebanon’s electricity crisis has pushed it to the brink of financial ruin, as power cuts hobble the economy and subsidies have racked up one of the world’s largest public debt Continue Reading
Lebanon begins offshore oil and gas exploration
Lebanon’s search for its first oil and gas reserves began on Tuesday after authorities approved an exploration plan submitted by a consortium of France’s Total, Energy and Water Minister Cesar Continue Reading
Mediterranean Gas Bounty Suddenly Seems Within Big Oil’s Reach
Big oil companies are pushing into Mediterranean waters off Israel, Lebanon and Egypt after years of U.S. diplomacy helped break open a political logjam around giant Middle Eastern natural-gas discoveries. Continue Reading
Hezbollah Leader Threatens “We Will Open Fire” On Disputed Israeli Offshore Oil & Gas Operations
During a televised address in Beirut on Friday Hezbollah Secretary General Sayyed Hassan Nasrallah once again warned Israel to back off its claims over disputed oil and gas field just Continue Reading
Lebanon accuses Saudi Arabia of holding its PM hostage
Lebanon’s president on Wednesday accused Saudi Arabia of holding hostage prime minister Saad al-Hariri along with his family – the first time he has explicitly said he was being held Continue Reading
Lebanese offshore oil and gas licensing round continues despite political crisis
Lebanon’s Energy Minister on Friday called on companies bidding in its first round of licensing to explore for oil and gas in its Mediterranean waters to begin technical discussions, suggesting Continue Reading
Saudi reopens Lebanon front in struggle with Iran
Saudi Arabia has opened a new front in its regional proxy war with Iran, threatening Tehran’s powerful ally Hezbollah and its home country Lebanon to try to regain the upper Continue Reading
Saudi Arabia Says Lebanon Declared War
As expected, Saudi Arabia has cast itself as the victim of external Shia plotting after its internal weekend of chaos which included a missile attack from Yemen, the deaths of Continue Reading
Lebanon gets two bids for offshore gas exploration
Lebanese ambitions to draw investors to its offshore reserve potential, notably for natural gas, brought in only two bids, the government reported. Lebanon in January filed a request to join Continue Reading
The Natural Gas Giant To Challenge Israel
When Lebanon’s Prime Minister Saad Hariri paid a visit to Russian President Vladimir Putin mid-September , most media coverage revolved around political and military issues. Yet the meeting was part Continue Reading
Solar revolution in Lebanon could offer alternative to power blackouts
For Jil Amine, Lebanon is experiencing a “solar revolution.” “The growth of the technology has been exponential,” said Amine, the United Nations Development Program project manager for the Small Decentralized Continue Reading
Will Lebanese Oil And Gas Ignite The Country?
While the Eastern Mediterranean is well known for its major (and underexploited) gas reserves, Lebanon is the latest country in the region to join the oil rush, after Egypt’s fitful Continue Reading
Lebanon committed to oil, gas transparency
Transparency is a top priority for a Lebanese government looking to bring bidders back to its offshore oil and gas reserves, the energy minister said. Lebanon this week filed a Continue Reading
Lebanon to Auction Energy Rights in Waters Contested by Israel
Lebanon wants to auction energy rights to areas in the Mediterranean Sea contested by neighboring Israel and will invite more companies to qualify for bidding next month. The new bidders Continue Reading
Oil Majors Prepare For Mega Tender In Lebanese Levant Basin
After a four-year wait, the Lebanese cabinet has approved two oil and gas decrees on energy tax provisions and blocking last week – allowing offshore drilling ventures in 96 trillion Continue Reading
Lebanon To Restart Oil, Gas Licensing Round After Three-Year Delay
Lebanon intends to restart its first oil and gas licensing round after a three-year delay, the energy minister said on Thursday, hoping to kick-start the development of a hydrocarbon industry. Continue Reading
Lebanon Set to Join East Mediterranean Race for Oil and Gas
Lebanon approved two measures allowing it to auction its first offshore oil and natural gas rights, ending three years of delays that kept the tiny country from joining a regional Continue Reading
Saudi Arabia Cuts Billions in Aid to Lebanon, Opening Door for Iran
Even as Iran and Saudi Arabia supported opposite sides in a bitter and bloody proxy war in Syria, the two adversaries managed to preserve a tense calm just over the Continue Reading
ISIS Claims Responsibility for Blasts That Killed Dozens in Beirut
BEIRUT, Lebanon — A fiery double suicide bombing terrorized a mostly Shiite residential area of southern Beirut on Thursday, ripping through a busy shopping district at rush hour. The Lebanese Health Ministry said at least 43 people had been killed and more than 200 wounded in the worst attack to strike the city in years. The Islamic State extremist group, which controls parts of neighboring Syria , claimed responsibility for the attack. The group portrayed its motives as baldly sectarian, saying it had targeted Shiite Muslims, whom it views as apostates. It mentioned almost as an afterthought that it had targeted Hezbollah , the Shiite militant organization that backs the Syrian government in the civil war raging next door. Hezbollah maintains tight security control in the district that was hit, and the bombing seemed aimed at hurting the group by attacking civilians in an area where it has many […]
Hezbollah throws weight behind protests, deepening crisis
AP Photo/Hassan Ammar BEIRUT (AP) — The powerful Lebanese Shiite group Hezbollah threw its weight Tuesday behind mass protests calling for the government’s resignation, deepening a crisis that started over piles of uncollected garbage in the streets of the capital but has tapped into a much deeper malaise. The explosion of anger targets the endemic corruption, hapless government and sectarian divisions of a brittle country once torn by civil war and now struggling with a wave of tens of thousands of Syrian refugees. A grassroots youth movement calling itself "You Stink" mobilized thousands of people in two rallies over the weekend, and has called for another large protest on Saturday. The Hezbollah announcement of support for the protests is likely to fuel concerns the Iranian-backed group and its allies will try to hijack a rare, non-political movement for its own political gain. Hezbollah ministers and their allies walked out […]
Saudi Arabia Sanctions Two Hezbollah Commanders, Alleging Terrorist Activities
Saudi Arabia sanctioned two top Hezbollah commanders allegedly involved in regional terrorist operations, in a sign of the kingdom’s growing coordination with the U.S. Treasury Department. Riyadh on Wednesday blacklisted Khalil Yusif Harb and Muhammad Qabalan for activities the Saudis alleged were designed to destabilize the kingdom’s close strategic allies in Yemen, Egypt and Lebanon. The U.S. Treasury sanctioned the same Lebanese men in August 2013. Hezbollah is a militia and political party based in Lebanon. “The Saudi government will continue to combat Hezbollah’s terrorist activities with all available tools and will continue to work with partners around the world to make it clear that Hezbollah’s militant and extremist activities should not be tolerated by any nation,” Saudi Arabia’s Ministry of the Interior said in a statement. The Treasury Department’s top counterterrorism official praised the action as a sign of increased cooperation between the U.S. and Saudi Arabia in […]
Syria, Iran condemn Israeli airstrikes
BEIRUT (AP) — The Syrian and Iranian foreign ministers have condemned Israeli airstrikes on two areas near Damascus, calling it an act of aggression that proves Israel was "in the same trench" with extremist groups fighting the Syrian government. Israeli warplanes bombed the two areas Sunday, striking near Damascus’ international airport as well as outside a town close to the Lebanese border. The Syrian government said the attacks caused material damage. Israel has not commented on the strikes. Syrian Foreign Minister Walid al-Moallem claimed Israel was trying to compensate for losses incurred by Islamic extremist groups in Syria at the hands of the Syrian army. He did not elaborate. He spoke Monday at a joint news conference in Tehran with his Iranian counterpart, Mohammad Javad Zarif.
Israel strikes near the Syrian capital: Syrian TV
BEIRUT (Reuters) – Syrian state television said on Sunday that Israeli jets had bombed areas near Damascus international airport and in the town of Dimas, near the border with Lebanon. An Israeli army spokesman said he would not comment on the "foreign reports". Israel has struck Syria several times since the start of the three-year conflict, mostly destroying weaponry such as missiles that Israeli officials said were destined for their long-time foe Hezbollah in neighbouring Lebanon. "The Israeli enemy committed aggression against Syria by targeting two safe areas in Damascus province, in all of Dimas and near the Damascus International Airport," state television said, adding that there were no casualties. Residents in Damascus said they heard loud explosions and opposition activists posted photos online of jet streams in the evening sky and fiery explosions. Syria’s army general command said on state television that there were "material losses in some […]
New clashes break out in Lebanese border town
Fighting erupted Wednesday in a Lebanese border town held by Islamic extremists from neighboring Syria after a negotiated truce collapsed overnight. Muslim clerics launched new efforts to broker another cease-fire in what has been the most serious spillover from Syria’s civil war. The initial truce, brokered on Tuesday, was meant to end days of fighting in the eastern town of Arsal and allow for negotiations for the release of captive Lebanese soldiers. According to the Lebanese National News Agency, clashes broke out again after Syrian militants in Arsal opened fire on Lebanese troops early Wednesday and then spread through several fronts across the predominantly Sunni town. Later in the morning, a delegation of Sunni clerics entered the town to try to mediate another ceasefire, said Sheik Raed Hleihel from the Association of Muslim Scholars and a Syrian activist who uses the name Ahmad Alqusair. The two […]
Border Fighting Intensifies Between ISIS and Lebanon
A deadly confrontation worsened on Monday between Lebanon’s armed forces and Islamist insurgents from Syria who seized the border town of Arsal over the weekend in what appeared to be the most serious spillover of the Syrian civil war into Lebanese territory since the conflict began more than three years ago. The Lebanese Army said in a statement that its forces were engaged in fierce battles with the Islamists in Arsal, where witnesses reached by telephone, including the deputy mayor, said shelling had hit the town from multiple directions and thousands of residents had fled. Arsal is also one of the temporary homes for many of the Syrian war refugees who have sought sanctuary in eastern Lebanon, and witnesses said Lebanese Army checkpoints were refusing to let the refugees relocate deeper into the country. Some refugees said they were panicking because they had nowhere to go. […]
Lebanon Set to Delay Oil and Gas License Auction Until 2015
Lebanon is likely to delay again the first auction of oil and natural gas licenses in its coastal waters until 2015 because of political gridlock over decrees needed to start the bidding process, people familiar with the matter said. The nation, which claims it may have as much as 96 trillion cubic feet of natural gas and 850 million barrels of oil off its coast, repeatedly has delayed the bidding round for the licenses after a cabinet failed to approve two necessary decrees. "The situation is quite complicated. The ministerial committee that was formed to review the decrees has not done much since some members are not happy about the royalties and taxes mentioned in the drafts," one official familiar with the matter said. "Now no one wants to move forward with any action until the parliament elects a new president and we have a new government, which could […]
Beirut delays offshore energy auction
Lebanon’s government postponed an offshore natural gas auction after rancor erupted Tuesday over the amount of revenue Beirut would get from energy companies. The Lebanese government estimates there are 95 trillion cubic feet of natural gas and 750 million barrels of oil in its territorial waters. A committee led by Prime Minister Tammam Salam has only met a few times to discuss offshore prospects since it was formed early this year. A source close to ministerial negotiations for the auction told The Daily Star newspaper in Beirut policymakers "believe that the state should have a bigger royalty and higher taxes from the profits generated by the oil companies once the actual drilling starts." Royalties of between 5 and 12 percent were seen as too low when compared with other countries. Lebanese Energy and Water Minister Arthur Nazarian is set in August to outline a new date […]
Israeli Warplanes Strike Near the Border of Syria and Lebanon
Israeli warplanes launched two raids near the Syrian-Lebanese border late Monday, according to Lebanon ’s National News Agency, raising speculation that Israel might have targeted a weapons convoy to prevent the Syrian government from delivering missiles to its Lebanese ally, Hezbollah . Israel has struck Syria at least three times in the past year, according to United States officials, to prevent sophisticated weapons from reaching Hezbollah amid the chaos of Syria ’s war. Neither Syria nor Hezbollah has retaliated. The potential significance of Monday’s strike depended on whether the raids hit Syrian or Lebanese territory, which was not immediately clear. Analysts said it would be politically harder for Hezbollah to refrain from striking back if Israel, its longtime enemy, had struck inside Lebanon. An Israeli strike inside Lebanon would also represent a further escalation in the regional involvement in — and spillover from — the Syrian […]
Bombs Strike Southern Beirut, Killing at Least Five
Two powerful explosions struck a busy area in southern Beirut near an Iranian cultural center on Wednesday, killing at least five people and wounding dozens in the latest in a series of bomb attacks on civilians here as violence continued to spill over from the war in neighboring Syria. The Abdullah Azzam Brigades, an offshoot of Al Qaeda, claimed responsibility, saying that it would continue such attacks until the Iranian-backed Lebanese militant group Hezbollah withdrew its forces from Syria, where they are supporting the government’s fight against Syrian rebels and foreign-backed jihadist groups. “We tell our people in Syria that Iran’s party won’t enjoy security in Lebanon until you restore security in Syria,” the group said in a statement posted on its Twitter account. Until Hezbollah pulls out of Syria and Sunni militants are released from Lebanese jails, it said, “We will continue targeting Iran and […]
Minister claims Lebanon faces ‘conspiracy’ over gas fields
As Lebanon’s political leaders and sectarian chieftains squabble over who will control the Energy Ministry and the oil and gas bonanza in the eastern Mediterranean, Energy Minister Gebran Bassil accuses rivals of "conspiring against our oil." And just to underline the extent of the prize that’s at stake, one of Lebanon’s major banking houses, Bank Audi, reported that on the basis of the 96 trillion cubic feet of gas and 865 million barrels of oil the ministry estimates lies offshore, Lebanon’s energy wealth could exceed $600 billion. The bank said in the report published Thursday it was optimistic about the prospects for the nascent energy industry, even though Lebanon’s been without a functioning government since March 2013, has a $63 billion national debt, and is hovering on the brink of another bout of sectarian bloodletting linked to the civil war in neighboring Syria. […]
Minister claims Lebanon faces 'conspiracy' over gas fields
As Lebanon’s political leaders and sectarian chieftains squabble over who will control the Energy Ministry and the oil and gas bonanza in the eastern Mediterranean, Energy Minister Gebran Bassil accuses rivals of "conspiring against our oil." And just to underline the extent of the prize that’s at stake, one of Lebanon’s major banking houses, Bank Audi, reported that on the basis of the 96 trillion cubic feet of gas and 865 million barrels of oil the ministry estimates lies offshore, Lebanon’s energy wealth could exceed $600 billion. The bank said in the report published Thursday it was optimistic about the prospects for the nascent energy industry, even though Lebanon’s been without a functioning government since March 2013, has a $63 billion national debt, and is hovering on the brink of another bout of sectarian bloodletting linked to the civil war in neighboring Syria. […]
Lebanon pols battle over energy ministry to control gasfields
As deeply divided Lebanon struggles to form a new government after 10 months of political paralysis, one of the key issues is which faction will control the Energy Ministry and the development of potentially rich offshore gas fields. Indeed, it has become something of a Catch-22 situation that’s blocking progress toward extracting the rich natural gas fields that lie in 2,000 feet under the eastern Mediterranean that could rescue the tiny Mediterranean country from economic collapse. And, like just about everything else in Lebanon, the issue has assumed sectarian overtones with the various sects all wanting to control the financial bonanza that the gas fields, which officials say could hold at least 96 trillion cubic feet, plus 850 million barrels of oil, will bring — if drilling ever starts. Work on the 10 exploration blocks in Lebanon’s Exclusive Economic Zone cannot begin until […]
Lebanon’s prospects of gas bonanza slip further away
With Lebanon’s long-awaited auction for exploration licenses in the gas-rich eastern Mediterranean postponed because there’s no functioning government, time may be running out for the tiny country to grasp what’s likely to be its last chance for economic salvation as it slips once more toward sectarian savagery. Energy Minister Gebran Bassil was supposed to hold the auction Friday, but on Wednesday he postponed it — for the third time — to April 10 after political rivalries blocked the caretaker government of Prime Minister Najib Mikati from convening to endorse two decrees authorizing the bidding for exploration blocks in Lebanon’s maritime exclusive economic zone. "This is the last time bidding will be delayed," he declared, although it was far from clear why that should be so since the political paralysis gripping the nation is not expected to end anytime soon. Bassil insisted the auction […]