Lebanon begins gas drilling as Israel could profit

Published date15 September 2023
According to preliminary estimates and analyses of data from the geological survey, the Qana field could contain nearly 100 billion cubic meters (BCM) of gas - more than Israel's Karish and Tanin gas fields combined

This gas field was one of the main issues in the negotiations to set the maritime border between Israel and Lebanon. As part of the agreement signed last October, it was decided that the border would cross to the south of the Qana field, and it would remain entirely in the hands of the Lebanese, although Israel would be entitled to a percentage (17% has been previously reported) of the royalties of the field, according to a document of principles signed in November with the partnership in Block 9.

The document establishes guiding principles for a situation where...

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