Salam meets with the Cabinet committee on gas.
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International energy companies will be able to start drilling for gas off the Lebanese coast at the end of 2015 if the August auction date is met, a source familiar with the tender process said Wednesday.Energy and Water Minister Arthur Nazarian postponed the original April 10 auction date to Aug. 14 to give the companies more time to prepare their offers.The source familiar the tender process said the contract would cover a 25-year period.Former Energy and Water Minister Gebran Bassil said 96 trillion cubic feet of gas could be harvested from the 45 percent of Lebanese waters surveyed by the companies.
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