At a press conference, Lebanese caretaker Water and Energy Minister Gebran Bassil said natural gas offshore Lebanon is estimated at 30 trillion cubic feet (tcf).
Experts believe that Lebanon could have as much as 80 tcf. Bassil added that a 3-D water survey was currently covering the waters in northern Lebanon.
The New Ventures Manager at Spectrum, Neil Hodgson, confirmed Gebran Bassil’s statement: total deep-water reserves could be up to 80 trillion cubic feet.