Israel’s prime minister said Tuesday that the country has reached a “historic agreement” with neighboring Lebanon over their shared maritime border after months of U.S.-brokered negotiations. It’s a rare agreement Continue Reading
Energean has started doing tests on pipes from the Karish offshore gas field in the Eastern Mediterranean and Israel, which claims ownership of the field although neighbor Lebanon disputes this. Continue Reading
Lebanon said U.S.-brokered talks to demarcate its maritime border with longtime foe Israel were at a “make or break” point on Thursday after Israel rejected revisions to a draft deal Continue Reading
A senior Israeli official was in Paris on Monday for talks with TotalEnergies SE (TTEF.PA) about potential future profit-sharing from exploration by the company in a natural gas field off Continue Reading
Israel and Lebanon are close to striking a U.S.-brokered deal on maritime borders that would allow Israel to export gas to Europe and mark a rare instance of economic cooperation Continue Reading
Israel and Lebanon have been at war since 1948, but the countries are close to an agreement that could increase production of natural gas, helping energy-starved Europe. Officials from the Continue Reading
Lebanon’s armed Hezbollah group threatened Israel that drilling at the Karish gas field could result in war. Israel and Lebanon are in a years-long dispute over the demarcation of their Continue Reading
The head of the powerful armed group Hezbollah warned on Wednesday that “no one” would be allowed to operate in maritime oil and gas fields if Lebanon was barred from Continue Reading
A U.S. mediator will visit Beirut next week to discuss a dispute over a maritime border with Israel, Lebanese Parliament Speaker Nabih Berri said on Tuesday, according to a parliament Continue Reading
The focus of the most recent rift between Israel and Lebanon is an offshore field called Karish. While Lebanon has yet to make a commercial find of gas in its Continue Reading
Israel has moved the Energean Power FPSO to the Karish gas field, partly claimed by Lebanon, as the Israeli government looks to boost supplies of the fuel to Europe. Israel Continue Reading
A dispute between Israel and Lebanon over their maritime boundary has obstructed energy exploration in the eastern Mediterranean and risks exacerbating tensions between two foes. After months of deadlock in Continue Reading
A combination of corruption, incompetence, and underinvestment have led to a major fuel crisis in Lebanon This weekend, the country saw a 24-hour blackout that was only solved when the Continue Reading
Lebanon’s Hezbollah chief Sayyed Hassan Nasrallah repeated calls on Monday for the cabinet to seek a U.S. sanctions waiver to import Iranian fuel and alleviate crippling shortages. Nasrallah said the Continue Reading
The two main power plants in crisis-hit Lebanon have gone out of commission, effectively stopping all state electricity in the country. The shutdown on Saturday of the Deir Ammar and Continue Reading
Lebanon’s power supplies were back to normal on Sunday after a blackout the previous day when the country’s two biggest power stations shut down because of a fuel shortage, the Continue Reading
Lebanon’s energy ministry said on Sunday it received central bank approval to for $100 million in credit to issue fuel import tenders for electricity generation. The ministry added in a Continue Reading
As Lebanon’s economy unravels, political instability in the deeply divided country is ratcheting ever upward. As the economic crisis deepens, with little to no credible attempts from Beirut to turn Continue Reading
Geopolitics & Conflict Lebanon, in full crisis mode, has rejected Israeli gas exploration in a disputed area in the Levant Basin. Israel has already signed a contract for exploration with Continue Reading
Lebanon’s critical fuel shortages are showing no signs of ending despite the arrival of Iranian oil smuggled into the country through neighboring Syria. Hezbollah has been arranging the informal oil Continue Reading
Minister of Petroleum and Mineral Resources Tarek El Molla said President Abdel Fattah El Sisi has directed transfer of gas to Lebanon at the nearest possible time. During an interview Continue Reading
Lebanon’s energy ministry said it had picked Dubai’s ENOC in a tender to swap 84,000 tonnes of Iraqi high sulfur fuel oil with 30,000 tonnes of Grade B fuel oil Continue Reading
Iran said on Monday it is ready to ship more fuel to Lebanon if needed, a day after the leader of Lebanon’s Iran-aligned Hezbollah group said more vessels carrying Iranian Continue Reading
The Lebanese government said on Sunday that it was raising gasoline prices by 66% in a partial reduction of fuel subsidies as it seeks to ease crippling shortages that have Continue Reading
Lebanese Shiite group Hezbollah, backed by Iran, warned on Thursday the United States and Israel not to try to interfere with a shipment of Iranian fuel oil that is en Continue Reading
Militant group Hezbollah appeared to warn Israel and the U.S. against intercepting an Iranian ship carrying fuel for Lebanon as the country reels from a crippling power crisis. The vessel Continue Reading
Iran has spent a lot of its time, money, and lives of its direct and proxy military forces in building up its influence across the Shia Crescent of power in Continue Reading
Iraq has signed an agreement allowing the cash-strapped Lebanese government pay for 1 million tonnes of heavy fuel oil a year in goods and services, helping Lebanon ease its acute Continue Reading
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
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
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 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 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 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 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
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? Description: Absent any discovery thus far, there has been little talk as to what to do with Lebanon’s offshore hydrocarbons, once Continue Reading
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
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
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
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
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
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
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
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
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’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
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
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’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
