Avoiding a regional war over hydrocarbons

Lebanon’s progress to cultivate wealth from its offshore oil and gas resources has left us with more questions than answers. While the country will not extract any resources for at least five years, the agreements being negotiated in the next 12 months will determine whether Lebanon gets a good deal or not.

Over the course of five days, seven leading thinkers will discuss different aspects of the resources — from avoiding environmental destruction to how to spend the new wealth — each with the aim of helping provoke awareness about what is going on in this crucial period.

For our second segment, Georges Pierre Sassine discusses the how to avoid conflict in the region over the resources.

Lebanon is making progress in developing its oil and gas resources. Offshore seismic surveys are completed, the Petroleum Administration is finally formed and the licensing round for oil companies to bid on offshore exploration has been launched.

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#maritime #resolution #Turkey #Cyprus #Israel #Lebanon