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)
At CERAWeek by IHS Markit, held in Houston in March, IEA Director Fatih Birol said that the world would soon see a major second wave of shale gas production from the US in response to higher energy prices and growing demand from India and China.
Mozambique and Tanzania hold an estimated 180 Tft3 and 57 Tft3 of proven natural gas reserves, respectively.
Maximize Profitability with Advanced Analytics at Natural Gas Processing Plants
Incorporating economic data into process modeling is key to optimizing operations and maximizing profits at gas processing plants. However, maintaining optimal operations are often challenging due to changing market dynamics, contract structures and increasing process flexibility. Today, gas processors are leveraging Predictive Control and First Principles models to accurately determine and control the optimal operating targets in real time based on the most current plant conditions and profitability, optimizing recovery of natural gas liquids. Learn how real-time analytics, combined with decision support tools, empower companies to:
•Improve processing margins by up to 5%
•Maximize NGL production through improved availability and optimized process conditions
•Improve compositional control to operate closer to product specifications
May 22, 2018 10am CDT