East Mediterranean
Lebanon
Lebanon’s corrupt and inefficient government has long hindered development. The new government is talking a good game – particularly on powergen – but real reforms are needed to right the ship.
State of Play
Lebanon is dreaming of gas riches with a Total-led consortium set to drill in 2019. However the country faces more pressing concerns. Donors contributed $12bn at April’s Cedre conference in Paris, in hope to benefit Lebanon's creaky infrastructure and troubled economy. But the government does have to first overcome widespread corruption.
2018 In Numbers
Peak Load
2.1
GW
GDP
56.7
$bn
Growth
1
%GDP
Debt
85.4
$bn
Debt to GDP
149
%
| Peak Load | 2.1 | GW |
| GDP | 56.7 | $bn |
| Growth | 1 | %GDP |
| Debt | 85.4 | $bn |
| Debt to GDP | 149 | % |
24 Jan, 2020
Featured
Lebanon’s Gas Hopes Kicked Further Down The Road
Lebanon hopes to capitalize on East Med gas-hype, but offshore drilling is delayed, while a 2nd licencing round is also pushed back.
Lebanon: A Decade Of Delays And Disorder
NEWS IN BRIEF
Moody’s Downgrades Lebanon
8 Nov, 2019
Lebanon Currency Crisis
27 Sep, 2019
Lebanon Awards Drillship Contract
30 Aug, 2019
Lebanon Turning Fiscal Corner?
26 Jul, 2019
Lebanon: New Government, Negative Outlook?
8 Mar, 2019
Lebanon To Cut Electricity Subsidy
8 Feb, 2019
Lebanon Restricts Dollar Trade
18 Jan, 2019
Lebanon 'Solves' Fuel Crisis
9 Nov, 2018
SELECTED DATA
Lebanon’s ‘Best Case Scenario’* Still Projects Electricity Deficits^ (Gw) Until 2024. Can GE & Siemens Do Any Better?
Lebanon Growth 1.7% A Year Since 2011 (% GDP)
Mena’s Vulnerable Economies Depend Heavily On Remittance Inflows (%GDP)
Get Our Headlines Weekly
Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.
By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.