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Project Insights

Lebanon over-reaching with power plan timeline

The country is expected to award contracts for FSRUs by the end of the month with a view to starting LNG imports in 2021, but the timeline for its power projects looks dubious The country is expected to award contracts for FSRUs by the end of the month with a view to starting LNG imports in 2021, but the timeline for its power projects looks dubious.
By Fatima Sadouki 18 April 2019 Middle East & Africa / LNG 0 34143
The Lebanese flag (Theen Moy/Flickr).

The key issue: Eight groups have prequalified for Lebanon’s LNG tender, under which it is seeking LNG and up to three FSRUs, the government said during a presentation on the country’s plan.

Interfax analysis: Plans to install up to three FSRUs off the coast of Lebanon form part of wider ambitions to revamp the country’s crippled electricity sector, with several new gas-fired power projects also earmarked for construction in the coming years. 

However, the aggressive timeline for the new power plants raises doubts about whether the...