Natural Gas Middle East
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After years of delay, Lebanon has launched its first offshore licensing round. However, prequalified bidders must still wait for PSA terms and the final coordinates of the blocks to be ratified
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As interest in East Mediterranean gas increases, Cyprus is making plans that could see it supplying 50% of Europe’s additional gas needs by 2025.
Jordan’s already strained power system is buckling under the pressure of an influx of Syrian refugees and the government will need to take drastic action to avert major blackouts this summer.
Beirut is set to reveal which of 10 potential blocks it will put out to tender for its first offshore licensing round. However, some of them could cross into territory disputed by Israel.
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