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One of the key decisions that Lebanon must make if natural gas is extracted off the country's coast is determining how much will be earmarked for export.Increasing the proportion of gas in the power mix would also require heavy investment in the gas grid, including the planned project to build a 173 kilometer, 36-inch coastal gas pipeline connecting a planned storage terminal onshore in the north to Tyre in southern Lebanon, allowing all of Lebanon's major power plants to tap the gas supply.Lebanon's eventual export strategy will to a large extent depend on the eventual size of its reserves, its production targets, and the cost of Lebanese gas production, which will impact the price range that Lebanon needs to secure, as well as external factors such as gas price levels in potential export markets.Lebanon is not short of gas-hungry neighbors.For now, the key challenge lies within Lebanon itself; primarily in Lebanon's ability to provide a domestic contracting framework to foreign investors, competitive and stable enough to allow for the development of gas resources; and, on the other hand, the stabilization of the domestic political situation and Lebanon's gas contracting frameworks that render Lebanon a desirable, reliable and stable gas exporter to potential regional and international clients.
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