A coalition made up of Total Energies, Eni, and Qatar Energy made a last-minute bid on Monday to drill for oil and gas in Lebanese waters, Lebanon’s energy ministry said.
The consortium made the bid for rights to explore blocks 8 and 10 in Lebanese waters. The move was welcomed by Lebanon’s energy minister as a “positive development” after the government had to regularly extend the deadline for the tender since it was offered in April 2019.
Lebanon first launched a licensing round for hydrocarbon exploration in its waters in 2013. But political gridlock, corruption, and infighting have dragged the process out.
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