News
Latest News
news bulletin
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Other News
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Beirut
24
o
Mount Lebanon
23
o
Metn
24
o
Keserwan
24
o
North
27
o
South
26
o
Bekaa
27
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Morning Talk
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
24
o
Mount Lebanon
23
o
Metn
24
o
Keserwan
24
o
North
27
o
South
26
o
Bekaa
27
o
News
Programs
The News
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Programs
Series
Talk Show
News Bulletin
Variety
Comedy
Other
Sports
Documentaries
The Untold History
New Year Shows
Lebanon’s Centennial
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Qatar joins TotalEnergies, Eni for stake in Lebanon gas blocks
Lebanon News
2023-01-29 | 09:49
High views
Share
Share
2
min
Qatar joins TotalEnergies, Eni for stake in Lebanon gas blocks
QatarEnergy signed an agreement with TotalEnergies SE and Eni SpA to search for natural gas in Lebanese waters, including in a previously-contested area with Israel.
Under the exploration and production agreement, the state-run Qatari company will hold 30% in offshore blocks 9 and 4 and the French and Italian energy giants will now hold 35% each, caretaker Prime Minister Najib Mikati said in a statement.
The US brokered last year a historic accord that ended a dispute between long-time foes Lebanon and Israel over a potentially gas-rich area in the Mediterranean waters. Both countries had laid claim to an area covering 860 square kilometers (330 square miles).
The pact allows international companies to begin exploring for natural gas in offshore Block 9, potentially leading to more energy exports to Europe in the coming years.
“Lebanon’s geographic location will allow it to play a vital role, along with friendly states in the region, to supply gas to Europe and it will encourage international companies to take part in the second licensing round,” Mikati said.
A discovery would primarily help fuel power plants that run on natural gas in Lebanon, which has suffered from chronic power rationing for decades.
The TotalEnergies-led consortium, which included Eni and Novatek PJSC, won a bid to explore in the two blocks in late 2017. The group began drilling in Block 4 in 2020 but disappointing results halted further development. Russia’s Novatek withdrew last year from the exploration efforts.
A discovery would be welcome economic news for Lebanon, which is in a deepening financial crisis. It may also provide additional resources for Israel as it would be entitled to payments if hydrocarbons are produced from the prospect.
Gas production has started at the Karish field on the Israeli side of the border, field developer Energean has said.
Lebanon delayed the closing date for its second licensing round for the rest of its offshore blocks to June 30.
Bloomberg
Breaking Headlines
Lebanon News
Lebanon
Lebanese
Qatar
Energy
Next
Bou Saab leaves for DC with parliamentary delegation
First phase of EDL plan has been launched
Previous
Related Articles
d-none hideMe
0
Lebanon Economy
2023-05-29
Lebanon's Renewable Energy law approved by Finance Committee
Lebanon Economy
2023-05-29
Lebanon's Renewable Energy law approved by Finance Committee
0
Breaking Headlines
2023-05-24
BDL Governor asks Lebanese judiciary not to hand him over to French judiciary and to put him on trial in Lebanon
Breaking Headlines
2023-05-24
BDL Governor asks Lebanese judiciary not to hand him over to French judiciary and to put him on trial in Lebanon
0
Lebanon News
2023-05-09
Lebanon energy minister hopeful on oil, gas exploration off coast
Lebanon News
2023-05-09
Lebanon energy minister hopeful on oil, gas exploration off coast
0
Press Highlights
2023-05-06
Qatar returns to nominate Lebanon's army chief for presidency: report
Press Highlights
2023-05-06
Qatar returns to nominate Lebanon's army chief for presidency: report
Recommended For You
d-none hideMe
0
Lebanon News
05:09
MP Sethrida Geagea calls for serious session to elect president, criticizes Speaker's inaction
Lebanon News
05:09
MP Sethrida Geagea calls for serious session to elect president, criticizes Speaker's inaction
0
Middle East
04:56
Israeli strike on eastern Lebanon kills 5 Palestinian militants, wounds 10
Middle East
04:56
Israeli strike on eastern Lebanon kills 5 Palestinian militants, wounds 10
0
Lebanon News
04:46
Caretaker Justice Minister Khoury to LBCI: No retreat from our position
Lebanon News
04:46
Caretaker Justice Minister Khoury to LBCI: No retreat from our position
0
Lebanon News
04:37
Geagea discusses local, regional developments with Russian Ambassador
Lebanon News
04:37
Geagea discusses local, regional developments with Russian Ambassador
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
15:12
French President reaffirms support for Lebanon in a meeting with Maronite Patriarch
Lebanon News
15:12
French President reaffirms support for Lebanon in a meeting with Maronite Patriarch
0
Lebanon News
2023-05-11
Sejaan Azzi, Former Lebanese Minister, Passes Away at Age 70
Lebanon News
2023-05-11
Sejaan Azzi, Former Lebanese Minister, Passes Away at Age 70
0
Variety
10:22
Is Rafic Hariri International Airport ready to welcome 1.5 million visitors?
Variety
10:22
Is Rafic Hariri International Airport ready to welcome 1.5 million visitors?
0
Lebanon News
05:09
MP Sethrida Geagea calls for serious session to elect president, criticizes Speaker's inaction
Lebanon News
05:09
MP Sethrida Geagea calls for serious session to elect president, criticizes Speaker's inaction
Videos
d-none hideMe
0
Middle East
2023-05-30
Lebanese Army successfully frees kidnapped Saudi citizen and arrests kidnappers: Commander Joseph Aoun
Middle East
2023-05-30
Lebanese Army successfully frees kidnapped Saudi citizen and arrests kidnappers: Commander Joseph Aoun
0
Lebanon News
2023-05-28
New Lebanese Embassy Building in Canada: A Triumph of Determination and Belonging
Lebanon News
2023-05-28
New Lebanese Embassy Building in Canada: A Triumph of Determination and Belonging
0
Variety
2023-03-16
BAM Leb mobile app launched to revolutionize Lebanon's tourism, culture experience
Variety
2023-03-16
BAM Leb mobile app launched to revolutionize Lebanon's tourism, culture experience
0
News Bulletin Reports
2023-02-02
US must think long before granting Lebanon Caesar Act waiver: Congressman
News Bulletin Reports
2023-02-02
US must think long before granting Lebanon Caesar Act waiver: Congressman
0
Lebanon News
2023-01-25
Beirut blast investigations: The latest
Lebanon News
2023-01-25
Beirut blast investigations: The latest
0
Lebanon News
2023-01-23
Here is what preliminary investigations reveal after grenade attack on LBCI
Lebanon News
2023-01-23
Here is what preliminary investigations reveal after grenade attack on LBCI
0
Lebanon News
2023-01-19
Khalaf, Saliba start open-ended stay inside parliament until president is elected
Lebanon News
2023-01-19
Khalaf, Saliba start open-ended stay inside parliament until president is elected
0
News Bulletin Reports
2022-12-23
Lebanon lacks leaders with geopolitical vision: Naufal Daou
News Bulletin Reports
2022-12-23
Lebanon lacks leaders with geopolitical vision: Naufal Daou
0
News Bulletin Reports
2022-12-07
FPM likely to ditch white ballots following disagreement with Hezbollah
News Bulletin Reports
2022-12-07
FPM likely to ditch white ballots following disagreement with Hezbollah
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
06:41
Saudi Ambassador thanks Lebanese security forces following successful rescue of kidnapped Saudi national
Lebanon News
06:41
Saudi Ambassador thanks Lebanese security forces following successful rescue of kidnapped Saudi national
2
Middle East
04:56
Israeli strike on eastern Lebanon kills 5 Palestinian militants, wounds 10
Middle East
04:56
Israeli strike on eastern Lebanon kills 5 Palestinian militants, wounds 10
3
Lebanon News
03:48
National Accord: A new parliamentary bloc for national action and development
Lebanon News
03:48
National Accord: A new parliamentary bloc for national action and development
4
News Bulletin Reports
12:18
More details about the abduction of Saudi citizen in Lebanon
News Bulletin Reports
12:18
More details about the abduction of Saudi citizen in Lebanon
5
News Bulletin Reports
08:04
Erdogan's New Term: Navigating Stability in Turkish-Arab Relations and Tensions with Europe
News Bulletin Reports
08:04
Erdogan's New Term: Navigating Stability in Turkish-Arab Relations and Tensions with Europe
6
Variety
10:22
Is Rafic Hariri International Airport ready to welcome 1.5 million visitors?
Variety
10:22
Is Rafic Hariri International Airport ready to welcome 1.5 million visitors?
7
Lebanon News
15:12
French President reaffirms support for Lebanon in a meeting with Maronite Patriarch
Lebanon News
15:12
French President reaffirms support for Lebanon in a meeting with Maronite Patriarch
8
News Bulletin Reports
08:06
Erdogan Re-elected for Third Term: A Detailed Analysis
News Bulletin Reports
08:06
Erdogan Re-elected for Third Term: A Detailed Analysis
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More