The exploration activities in Block Nine, as the field is called, will be launched by three foreign companies: QatarEnergy, Italy's Eni, and France's TotalEnergies.
Lebanon signed a maritime border deal with Israel in November 2022 after years of failed negotiations. Until the two sides had an agreed-upon border, neither side could explore for gas.
“In a few months, God will bless Lebanon with a flow of his grace, marking the beginning of solving the economic crisis that Lebanon and its people are experiencing,” said Parliament Speaker Nabih Berri.
However, experts believe that even if exploratory drilling finds formidable gas resources, more is needed to solve the country's dire economic crisis. READ MORE
