Lebanon launches search for first oil & gas reserves despite Nazi threats
NOVANEWS
An Israeli gas platform is seen in the back as a sailor in the Israeli navy stands aboard a patrol boat in the Mediterranean sea © Amir Cohen / Reuters
Beirut has announced the start of its oil and gas exploration for offshore energy reserves in the Mediterranean after approving a plan submitted by a consortium of France’s Total, Italy’s Eni and Russia’s Novatek.
Energy and Water Minister Cesar Abi Khalil said Lebanon plans to launch a second offshore licensing round by the end of 2018 or early 2019.
In February, the country signed its first offshore oil and gas exploration and production agreements with the Total-Eni-Novatek consortium for offshore Blocks 4 and 9.
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Part of Block 9 contains water...