This is Beirut

Lebanon-Cyprus Maritime Border Talks Reach Critical Stage

Bassam Abou Zeid, 09:30 - Reading : 3 minute(s)

Cyprus Lebanon Syria Oil economy exploration gas maritime borders

Lebanon’s push to revive oil and gas exploration in its Exclusive Economic Zone remains stuck in limbo. Political gridlock and regional volatility have stalled progress, and even French energy giant TotalEnergies – holder of the license for Block 9 – has yet to take any operational steps or issue public statements. The only current movement ...

Strait of Hormuz Faces Potential Closure Amid Rising Regional Tensions

This is Beirut, 23/06 14:50 - Reading : 6 minute(s)

Strait of Hormuz Iran Israel Oil Gas

Iran’s parliament gave the green light to a proposal to shut down the Strait of Hormuz on Sunday, a step that needs clearance from the security authorities. Such a move could significantly disrupt worldwide oil shipments and heighten tensions in an already unstable region. The Strait, which narrows to just 33 kilometers at its slimmest point, ...

US Says Supports Gas Deals with Kurdistan Region after Iraq Lawsuit

This is Beirut, 27/05 22:35 - Reading : 1 minute(s)

United States Iraq Gas Oil Kurdistan

The United States said Tuesday it supported American energy companies' contracts with Iraq's autonomous Kurdish region after the Iraqi government filed a lawsuit against them. Regional Prime Minister Masrour Barzani announced the signing of the two deals valued at tens of billions of dollars during a visit to Washington, in which he met Friday ...

Iraq Sues Kurdistan Region Over US Gas Contracts

This is Beirut, 27/05 12:45 - Reading : 2 minute(s)

Bagdad Kurdistan Gas

Iraq's federal authorities have filed a complaint against the autonomous Kurdistan region for signing gas contracts with two US companies, two officials told AFP on Tuesday. Oil exports have been a major point of tension between Baghdad and Arbil, with a major pipeline through Turkey shut since 2023 over legal disputes and technical ...

Turkey Discovers New Natural Gas Reserve in Black Sea

This is Beirut, 17/05 17:30 - Reading : less than a minute

Turkey Black Sea Recep Tayyip Erdogan Gas

Turkey has discovered a new natural gas reserve in the Black Sea that will meet its residential energy needs for more than three years, President Recep Tayyip Erdogan said on Saturday. "We have discovered 75 billion cubic meters (2,650 cubic feet) of new natural gas. With this amount, we will meet the needs of our homes alone for about 3.5 ...

EU Proposes Ending All Russian Gas Imports by 2027

This is Beirut, 06/05 17:27 - Reading : 3 minute(s)

Russia Europe Gas

The EU on Tuesday unveiled a long-promised plan to phase out its remaining gas imports from Russia by the end of 2027, a challenge given Europe's continued dependence on Russian fossil fuels. "Today the European Union sends a very clear message to Russia: no more, no more will we permit Russia to weaponize energy against us," EU ...

Qatar Supplying Natural Gas to Syria via Jordan

This is Beirut, 13/03 21:22 - Reading : 3 minute(s)

Qatar Syria Jordan Gas

Qatar has begun funding gas supplies to Syria from Jordan, state media in the Gulf state reported Thursday, as Damascus's new leadership seeks economic relief for the war-torn country. "Qatar has started today providing... natural gas supplies to the Syrian Arab Republic through the territories of the Hashemite Kingdom of Jordan," ...

Oil Price Drops Amid Israeli Reassurances

2024-10-15 22:04 - Reading : 2 minute(s)

Stock Exchange Oil Gas

Oil prices continued their downward trend on Tuesday, falling by more than 3%, after The Washington Post reported that Israeli Prime Minister Benjamin Netanyahu had assured US President Joe Biden in a phone conversation that he planned to strike the Iranian military, not oil or nuclear infrastructure, in retaliation for the Iranian strikes on ...

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