Cesar Abi Khalil speaks during a press conference in Beirut, Friday, March 31, 2017. (The Daily Star/Mohammad Azakir)
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With less than two days until the closure of gas licensing bidding, international oil companies have not yet submitted offers to operate Lebanon's offshore gas blocks, a source close to the Petroleum Administration said Tuesday.According to the Energy Ministry, 51 companies to date have qualified to bid in the 2017 round.The source suggested that Lebanon would have had a better chance of luring international oil companies if the two decrees pertaining to gas exploration and revenue sharing had been approved by the previous government four years ago.It is also not clear if the dispute between Lebanon and Israel over parts of blocks 8, 9 and 10 could be discouraging companies from making offers to explore gas.
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