Salam meets with the Cabinet committee on gas.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
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.
Growing bank scrutiny targets money transfers
Economic slowdown, malls deal blow to businesses, stores
Salameh: Banks need to comply with U.S. rules
FOLLOW THIS ARTICLE