Lebanon using diplomacy to counter Israel over offshore energy tender
BEIRUT (Reuters) - President Michel Aoun said on Thursday that Lebanon was using diplomatic means to counter Israel’s stance regarding an offshore energy block in disputed territory on their maritime border.
On Wednesday Israel described as “very provocative” Lebanon’s first offshore oil and gas exploration tender and said it would be a mistake for international firms to participate.
Lebanon is on the Levant Basin in the eastern Mediterranean where a number of big sub-sea gas fields have been discovered since 2009, including fields located in Israeli waters near the disputed border with Lebanon.
After meeting Prime Minister Saad al-Hariri, Aoun tweeted, quoting Hariri as saying Lebanon was “confronting a big aggression relating to Lebanon’s oil wealth”.
Aoun said he and parliament speaker Nabih Berri had agreed to meet to discuss steps to confront “repeated Israeli threats” and called on Berri to “turn the page” on tensions between their political factions.
A row over comments about Berri by Aoun’s son-in-law, Foreign Minister Gebran Bassil, has exacerbated a political standoff, threatening to ignite sectarian tensions in Lebanon before a planned election in May, and to paralyse government.
(Reporting by Lisa Barrington and Angus McDowall; Editing by Robin Pomeroy)
Indonesia, home to 260 MM people on 14,000 islands across a vast archipelago, is estimated to become the seventh-largest economy in the world by 2030, with such growth expected to boost the nation’s energy consumption by 80% from present levels.<sup>1</sup>
At October’s HPI Forecast Breakfast for our sister publication, <i>Hydrocarbon Processing</i>, I shared <i>Gas Processing</i>’s forecast on change in the LNG industry.
In one of the toughest markets in the history of gas compression, we are challenged to deliver more with less.
The New LNG Imperative
The shale gas boom established the US as the world’s leading natural gas producer and is responsible for billions of dollars of investments in the US gas processing industry. Since 2012, the US has witnessed unprecedented growth in new gas processing capacity and infrastructure. This rise is due to greater production of domestic shale gas, which is providing cheap, available feedstock to fuel the domestic gas processing, LNG and petrochemical industries. New gas processing projects include the construction of billions of cubic feet per day of new cryogenic and gas processing capacity, NGL fractionators, multi-billion-dollar pipeline infrastructure projects, and the development of millions of tons per year of new LNG export terminal construction. Attend this webcast to hear from Lee Nichols, Editor/Associate Publisher, Hydrocarbon Processing, Scott Allgood, Director-Data Services, Energy Web Atlas and Peregrine Bush, Senior Cartographic Editor, Petroleum Economist as they discuss the future of LNG and the application of Energy Web Atlas, a web-based GIS platform which allows users to track real-time information for every LNG project.
November 29, 2017 10am CST
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