Delayed for the third time already, Lebanon’s first offshore bidding round is now set to be opened on April 10, 2014. The various delays and postponements are threatening to deter investors from participating in the development of Lebanon’s believed to be vast deposits of natural gas. Local and regional political instabilities have prevented the country from forming a government that would have the power to issue two essential decrees necessary for the launching of Lebanon’s first licensing round (one delimitating the offshore blocks and the second approving the model sharing agreement).