Lebanon’s gas wealth: the time factor | Middle East Strategic Perspectives
▻http://www.mestrategicperspectives.com/2013/12/31/lebanons-gas-wealth-the-time-factor
Although Lebanon did not develop a hydrocarbon policy and did not study export options in details, there has been several declarations by Lebanese officials, including caretaker Energy Minister Gebran Bassil, that Lebanon is primarily eyeing neighboring markets, among other possible options. But we are not the only ones eyeing these markets. Israel’s Delek Group and Texas-based Noble Energy are discussing a deal to sell Israeli gas to Jordan’s Arab Potash. Charles Davidson, CEO of Noble Energy, the operator of Israel’s Leviathan and Tamar gas fields, also expressed his preference to selling gas to neighboring countries such as Egypt and Jordan. Given that gas contracts are usually long-term contracts, Lebanon might find it harder to sell its gas to well-supplied neighboring countries. Having to look for farther markets also means having to invest more in infrastructure.