Lebanon: tired of waiting
The country has postponed its offshore bid round deadline amid continuing domestic and geopolitical uncertainties
When exactly Lebanon will join the Eastern Mediterranean party still isn't clear. Egypt and Israel have made huge natural gas discoveries in their waters and Cyprus is hoping soon to follow suit. Lebanon, by contrast, hasn't yet reached the starting line. Back in 2013, the signs looked so promising. No fewer than 46 IOCs were prequalified for a process that would eventually see some of them tapping the estimated 95 trillion cubic feet of gas under Lebanese waters. But then politics put a hammer in the works. For 30 months Lebanon had no president and no effective government. Early this year, with the political system back on track, the energy ministry announced that the bid round would proce
Also in this section
20 March 2026
The US may be systemically stripping Russia of key geopolitical allies, but Moscow can reap rewards from the Hormuz crisis, both in the short and long term
20 March 2026
Disruptions to Qatari LNG exports have highlighted the risks of concentrated supply, potentially strengthening the long-term position of US exporters despite limited near-term flexibility
20 March 2026
The extent of the US-Israel war with Iran means there will be no going back to the previous market equilibrium no matter how the conflict ends
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
