Offshore Lebanon – Will the Levant Basin be a Blessing or a Curse?

Government delays, ongoing maritime border disputes and geopolitical instability have marred Lebanon’s bid to exploit its share of the gas-rich Levant Basin. But with the government keen to create supply security for its energy-poor nation, can Lebanon put aside age-old feuds for the sake of its gas riches?

Lebanon's Minister of Energy and Water, Arthur Nazarian, has been eager to start development of the country's share of the Levant Basin in the East Mediterranean Sea, which is believed to hold 3,455bcm of gas reserves.

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