Only recently, did Lebanon hit the headlines as a country with possible Oil and Gas (O&G) wealth. The oily news made many people think of jackpots. The headlines and critics were many: “The country would finally solve its energy crisis”, “the deficit will be cleared off”, “we’ll have electricity 24/7 like other modern countries” as example… The year 2014 was expected to be different and the future looked bright. Unfortunately, or perhaps fortunately, nothing substantial has happened to put Lebanon one-step closer to capitalizing on its wealth.