New Treasure for Hezbollah: Lebanon to Make Hundreds of Billions of Dollars from Gas Reserves
The potential value of the natural gas found off the Lebanese coast is estimated at $600 billion. Lebanon will receive more than half of the revenues
Ami Rojkes Dombe
| 17/12/2017
https://youtu.be/mLY_DMtzyF8
A report on zawya.com reveals that the natural gas reserves in Lebanon's economic waters are estimated at $600 billion.
According to the Lebanese Energy and Water Minister Cesar Abi Khali, Lebanon’s share of the potential gas revenues will be at least 55 percent, and this is line with the world average. He added that contracts had been awarded to France’s Total, Italy’s ENI and Russian Novatek.
"On the commercial level, the government’s cut was based on nine different scenarios. Block four, for example, the government’s share ranged between 55 percent to 71 percent, and this is in line with the international average. As for block nine, the state’s share was from 55 percent to 63 percent," Abi Khalil said.
Zawya reports that several banks have estimated the potential value of gas off the Lebanese coast at $600 billion. However, experts insist that these projections are not based on scientific facts. Minister Abi Khali said the three companies would start the actual drilling in blocks four and nine in 2019.
The potential value of the natural gas found off the Lebanese coast is estimated at $600 billion. Lebanon will receive more than half of the revenues
https://youtu.be/mLY_DMtzyF8
A report on zawya.com reveals that the natural gas reserves in Lebanon's economic waters are estimated at $600 billion.
According to the Lebanese Energy and Water Minister Cesar Abi Khali, Lebanon’s share of the potential gas revenues will be at least 55 percent, and this is line with the world average. He added that contracts had been awarded to France’s Total, Italy’s ENI and Russian Novatek.
"On the commercial level, the government’s cut was based on nine different scenarios. Block four, for example, the government’s share ranged between 55 percent to 71 percent, and this is in line with the international average. As for block nine, the state’s share was from 55 percent to 63 percent," Abi Khalil said.
Zawya reports that several banks have estimated the potential value of gas off the Lebanese coast at $600 billion. However, experts insist that these projections are not based on scientific facts. Minister Abi Khali said the three companies would start the actual drilling in blocks four and nine in 2019.
