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13.10.22 – Middle Eastern countries are sitting on an ocean of natural gas

It is rare for the Israeli government to agree with Hizbullah, the Lebanese Shia militia and political party. But in effect it did on October 11th, after months of American-led talks. As The Economist was published, a deal with Lebanon was awaiting review in Israel’s parliament.

This is not peace in our time: although the deal demarcates Israel’s maritime border with Lebanon it will not end the long state of war between them. But it is striking, and timely for the West, because it may unlock new gas resources that Europe desperately needs to replace supplies from Russia that have been disrupted since its invasion of Ukraine.

To continue reading the original article please click here –https://www.economist.com/middle-east-and-africa/2022/10/13/middle-eastern-countries-are-sitting-on-an-ocean-of-natural-gas

About EMC: EMC is a key platform in the energy calendar bringing together government representatives, Global CEOs, NOCs, IOCs, International Service Providers, EPCs, consultants and financiers to address the evolving opportunities in global energy markets. EMC 2023 is the premier energy gathering in the Eastern Mediterranean. For more information please email conference@emc-cyprus.com or visit www.emc-cyprus.com

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