BEIRUT, Lebanon, Aug. 23 (UPI) -- There may be significant volumes of natural gas available in the Mediterranean waters off the coast of Lebanon, an executive said.
The Lebanese government said it expects to have its first licensing round for offshore development next year.
The Lebanese Ministry of Energy and Water this week announced Spectrum ASA would conduct a 3-D seismic survey of the waters off the coast of Lebanon. The company said the area was ranked as "high prospectivity."