A three dimensional seismic survey recently revealed a large number of oil and gas fields in Lebanon's southern region—a potential source of genuine wealth for the country, officials said.
Lebanon is now "technically ready" to start offshore natural gas extraction, Lebanese Energy Minister Gibran Bassil announced on September 24th during a tour with journalists at sea.
"Lebanon has in fact already entered the gas exploration stage, and is technically ready to start issuing licenses to get the process of natural gas extraction started," he said.
According to Bassil, two specialised companies under contract with the Lebanese government conducted the offshore survey, which covers half the country's exclusive economic zone, and indicates that several natural gas fields are scattered along the coast from north to south.
Tweet quote