Ministers attend a Cabinet session at the Grand Serail in Beirut, Thursday, March 5, 2015. (The Daily Star/Mohammad Azakir)
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The absence of a president and the deep discord among ministers will further delay the offshore gas licensing round in Lebanon for near future, a minister and insiders said Wednesday.However, a source close to Parliament told The Daily Star that the failure to elect a president has further hampered efforts to pass the two decrees in the Cabinet.Parliament Speaker Nabih Berri has repeatedly urged the Cabinet to pass the two decrees, warning that procrastination would encourage Israel to siphon off gas from Lebanon's southern waters.Spectrum has said that Lebanon's southern territorial waters could hold more than 25 trillion cubic feet of natural gas.
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