Lebanon’s annual gas share estimated at $4 bln

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Lebanon’s annual gas share estimated at $4 bln

August 06, 2011 01:56 AM

The Daily Star

BEIRUT: Lebanon’s share of gas in the Middle East is valued at $4 billion annually, Professor Nabil Khalifeh, a geopolitics analyst, said Friday.

Khalifeh told a news conference at the Press Club in Furn al-Shubbak that the value of gas in the Middle East is estimated at $700 billion and Lebanon’s share is estimated at $4 billion annually.

Khalifeh based his claims on a number of documents, and maps of oil deposits in the region.

On Thursday, Parliament endorsed a law that demarcates the maritime borders of Lebanon, Israel and Cyprus.

A version of this article appeared in the print edition of The Daily Star on August 06, 2011, on page 2.

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