Gas reserve found in Lebanon

Spectrum (UK) has found 25 trillion cubic feet of gas reserves in the southern areas of Lebanon during geological exploration in the territorial waters and the exclusive economic zone of the country in the Mediterranean Sea, Lenta.ru reports.

The gas volumes may cost about $40 billion. Lebanon has more gas reserves that annual extraction in Russia. Spectrum says that the reserves exceed those of Cyprus (5-6 trillion cubic feet).

Gazprom (Russia) wants to become a member of the concession.

The Israeli shelf of the Mediterranean Sea has about 30-32 trillion cubic feet of gas reserves, discovered recently.

Secretary General of the World Energy Council Rudy Baroudi said that Lebanon had more oil and gas reserves than discovered by Spectrum. The country may extract about 90,000 barrels of oil daily for about 20 years.

1015 views


More World news

Kazakhstan#039s Mailybayev accused of sharing classified information

Kazakhstan's Mailybayev accused of sharing classified information

Kazakhstan's state security service has detained President Nursultan Nazarbayev's former deputy chief of staff, Baglan Mailybayev, on charges of illegally collecting and sharing classified …

Crimea drafts UN resolution on Ukraine

Crimea drafts UN resolution on Ukraine

Crimean authorities have drafted a UN resolution on human rights violations committed while Crime was ruled by Kiev, the Chairman of the State Committee on …

 EU foreign ministers to discuss situation in Syria

EU foreign ministers to discuss situation in Syria

EU foreign ministers are set to discuss the Syrian settlement, as well as the conclusions of Sunday's Paris conference on peace in the Middle East on Monday, European Union sources said. It was uncertain whether they would …

Trump: NATO is obsolete

Trump: NATO is obsolete

US President-elect Donald Trump said NATO was obsolete because it had not defended against terror attacks, but that the military alliance was …

Turkish cargo plane crashes near Bishkek

Turkish cargo plane crashes near Bishkek

A Turkish cargo jet has crashed near Kyrgyzstan’s Manas airport, killing at least 37 people, most of them residents of a village struck by the Boeing 747 as it tried to land in dense fog, Kyrgyz officials said. According to the …

Gulnara Karimova questioned by Swiss prosecutors

Gulnara Karimova questioned by Swiss prosecutors

The elder daughter of Uzbekistan’s late President Islam Karimov was questioned recently over money-laundering accusations by Swiss …

Peskov: Kemlin#039s website subjected to hacking attacks 100 times per day, including from US

Peskov: Kemlin's website subjected to hacking attacks 100 times per day, including from US

Russian president’s spokesman, Dmitry Peskov, said in an interview with NBC News that Russia is not accusing US authorities of attempts to break into its government servers, despite numerous hacking attacks on the Russian …

Trump sends condolences over Tu-154 crash though his adviser

Trump sends condolences over Tu-154 crash though his adviser

US Vice President-elect Mike Pence said Sunday that Trump’s incoming national security adviser Michael Flynn sent condolences to the Russian ambassador to the US Sergey …

 Mike Pence: US has terrible relationship with Russia, we need to fix it

Mike Pence: US has terrible relationship with Russia, we need to fix it

The possibility of better relations with Russia will become an important priority of the US president-elect Donald Trump's administration, US Vice President-elect Mike Pence said Sunday.  …

Moscow and Beijing are priorities of new U.S. administration

Moscow and Beijing are priorities of new U.S. administration

Trump Says He Is Open To Lifting Russia Sanctions, Won't Label China Currency Manipulator "On Day One"

more World news