Lebanon to begin offshore energy search in block disputed by Israel - News Summed Up

Lebanon to begin offshore energy search in block disputed by Israel


One, don't provoke us, and don't explore in or even get close to the disputed line-of-contact. "Israel last went to war in Lebanon in 2006, against the heavily armed, Iran-backed Shi'ite Muslim Hezbollah movement. Eni also holds 40 percent and Novatek 20 percent.Vyacheslav Mishin, head of Novatek's new Lebanon office, said the projected global growth in natural gas and LNG consumption was key to his company's future growth. "For all the fields in the region, there are commercial, political, and technical challenges that hinder exploitation for the purposes of export," Tareq Baconi, a European Council on Foreign Relations visiting fellow on MENA energy told Reuters. "Many of the challenges for export will be faced by Lebanon as well when, and if, it discovers offshore reserves," he said.


Source: Egypt Today February 09, 2018 19:07 UTC



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