It faces maritime border disputes, regional rivals and is surrounded by a country engulfed in
civil war. Yet the main challenge to Lebanon’s potential gas sector is not geopolitics,
according to analysts, but a lack of political consensus.
The tiny Mediterranean country could have almost 100tn cubic feet (tcf) of offshore gas
reserves, according to some officials. But rather than exploit a potentially transformative
opportunity, politicians have engaged in politics as usual — bickering and stalling as
neighbouring Syria’s war worsens an already toxic sectarian environment.
“Politicians are definitely not in the mood for a grand bargain,” says Ayham Kamel, director
for the Middle East and north Africa at Eurasia Group, the risk consultancy. Still, he expects
some progress, even if halting, within two to five years................continue reading