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.
2019 In Numbers
| Peak Load | 2.1 | GW |
| GDP | 56.7 | $bn |
| Growth | 1 | %GDP |
| Debt | 85.4 | $bn |
| Debt to GDP | 149 | % |
3 Feb, 2023
Featured
Lebanon Gas: Key Officials Fly In, Highlighting Project’s Significance
Lebanon’s attraction to national champions TotalEnergies and Eni as well as NOC QatarEnergy appears to lie in Beirut’s geopolitical significance as well as its gas potential.
Lebanon Key Offshore Blocks
NEWS IN BRIEF
Total To Spud Lebanon Well In Q4
31 Mar, 2023
Iran-Lebanon Fuel Convoy Struck
11 Nov, 2022
Lebanon-Israel Maritime Border Deal Ratified
28 Oct, 2022
IMF Slams Lebanon
23 Sep, 2022
Lebanon Takes Novatek Block 4 & 9 Stakes
23 Sep, 2022
Shell Appoints Wael Sawan New CEO
16 Sep, 2022
Iraq-Lebanon HFO Deal: 1-Year Extension
19 Aug, 2022
SELECTED DATA
Off A Cliff: Lebanon’s Economy Is Set To Contract 25% This Year (GDP Growth, %)
Lebanon GDP Growth Was Forecast At -10.9% For 2020...And That Was Before The Explosion
Beirut Terminal Is Also A Major Oil Products Hub (% Total)*
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.