East Mediterranean
Lebanon
Lebanon’s corrupt and inefficient government has long hindered development. The new government is talking a good game – particularly on powergen – but real reforms are needed to right the ship.
State of Play
Lebanon is dreaming of gas riches with a Total-led consortium set to drill in 2019. However the country faces more pressing concerns. Donors contributed $12bn at April’s Cedre conference in Paris, in hope to benefit Lebanon's creaky infrastructure and troubled economy. But the government does have to first overcome widespread corruption.
2019 In Numbers
| Peak Load | 2.1 | GW |
| GDP | 56.7 | $bn |
| Growth | 1 | %GDP |
| Debt | 85.4 | $bn |
| Debt to GDP | 149 | % |
5 Jan, 2024
Featured
Lebanon Launches Bid Round Despite Israel Tension
Lebanon is trying again to attract energy firms to its offshore. With geopolitical risk having soared, Beirut faces an uphill task.
Lebanon Launches Offshore Bid Round With Blocks Still Under Negotiation
NEWS IN BRIEF
Israel & Hezbollah Step Up Attacks As War Looms
5 Jul, 2024
Lebanon Puts Back Bidding
28 Jun, 2024
EU: €1bn For Lebanon
3 May, 2024
Lebanon Extends Bidding, Again
30 Jun, 2023
Total To Spud Lebanon Well In Q4
31 Mar, 2023
Iran-Lebanon Fuel Convoy Struck
11 Nov, 2022
Lebanon-Israel Maritime Border Deal Ratified
28 Oct, 2022
SELECTED DATA
Lebanon's Fuel Oil Imports ('000 b/d) Previously Dominated By US Supplies, Volumes Have Virtually Ground To A Halt Since Early 2022
Lebanon Diesel/Gasoil Imports By Country Of Origin ('000 b/d)
Off A Cliff: Lebanon's GDP Is Forecast To Contract By A Further 9.5% In 2021(%)
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