Lebanon’s energy minister said his country plans to outline its maritime sea borders and auction off rights to explore offshore by 2012.
“Now that the law on the exploration of offshore oil and gas reserves has been passed by parliament, we expect to begin the licensing process for the exploration of the reserve in 2012, barring political hurdles,” Gibran Bassil said.
Lebanese lawmakers passed the law, which calls for the establishment of a treasury and a committee to oversee exploration and drilling offshore Lebanon.
Bassil said Lebanon was close to an agreement on maritime borders with Cyprus and was unilaterally working on outlining its sea borders with Israel before submitting them to the United Nations Security Council.
Lebanon and Israel remain technically in a state of war and have no diplomatic ties.
Recommended Reading
Shell Taps Bloom Energy’s SOEC Technology for Clean Hydrogen Projects
2024-03-07 - Shell and Bloom Energy’s partnership will investigate decarbonization solutions with the goal of developing large-scale, solid oxide electrolyzer systems for use at Shell’s assets.
Energy Transition in Motion (Week of March 1, 2024)
2024-03-01 - Here is a look at some of this week’s renewable energy news, including Chevron’s plans for a solar-to-hydrogen facility in California.
Plug Power Finalizes Contract with US Auto Manufacturer
2024-02-21 - Plug Power says it will supply hydrogen infrastructure and fuel cell solutions as part of the agreement.
Verdagy Awarded $39.6MM DOE Grant for Electrolyzer Production
2024-03-14 - Verdagy will use the Department of Energy grant to accelerate the manufacture of e-dynamic electrolyzers for green hydrogen solutions.
Kraft Heinz, Carlton Power Partner to Develop Green Hydrogen Plant
2024-02-05 - Located at Kraft Heinz’s Kitt Green manufacturing plant in Wigan, Greater Manchester, the proposed $50.1 million plant will have a 20-megawatt capacity.