Framework For Lebanon’s Egyptian Gas Project Was Just Approved

Framework For Lebanon's Egyptian Gas Plan Was Just Approved

Officials meeting in Jordan to discuss the plan to supply Lebanon with Egyptian gas for power generation approved a framework for the project on Wednesday.

Following the agreement, Jordanian Energy and Mineral Resources Minister Hala Zawati said that each of the involved countries – Lebanon, Syria, Jordan, and Egypt – would be responsible for covering the necessary costs that accompany the operation.

For his part, Egyptian Petroleum and Mineral Resources Minister Tarek El-Molla hoped to export gas to Lebanon “as soon as possible,” noting the need to inspect some infrastructure prior to the operation.

Their Lebanese counterpart, caretaker Energy Minister Raymond Ghajar, hoped that Lebanon would receive enough gas from Egypt to generate 450 megawatts of power.

This was after he had revealed that Lebanon, which is going through a crippling economic crisis, had been working with the World Bank to secure funding for the project.

Notably, Ghajar also used the occasion to point out that the concerned committees were still holding meetings with Israel over the maritime border demarcation process.

In this context, a second oil well is expected to be bored before the end of 2022, Ghajar revealed.

Meanwhile, Lebanon is relying on an incoming Iraqi fuel shipment that is meant to alleviate its ongoing power crisis.