Total in Key Role in Israel-Lebanon Deal

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

TotalEnergies is set to play a unique role in a US-brokered maritime border deal between Israel and Lebanon that should reduce the threat of conflict in the important East Mediterranean gas play, which Europe has identified as a viable alternative to Russian piped gas. US Energy Envoy Amos Hochstein is due back in the region next week, with hopes rising that a deal will finally be signed. The danger of a miscalculation between Lebanese Shiite militant group Hezbollah and Israel was increasing after Israel’s Karish gas field was targeted earlier this year by Hezbollah drones. Moreover, a deal should unlock regional gas cooperation and potentially more upstream investment. All sides have agreed the text of a new deal as Lebanon seeks to elect a new president and Israel goes to the polls in November. The Israeli security establishment has given its approval, but Israel’s Knesset has yet to agree to the text. Still, a signing ceremony will likely take place soon at the southern Lebanese border town of Ras Naqoura.

Gas Pipelines, Gas Supply, Military Conflict
Wanda Ad #2 (article footer)
Much is riding on a second-half demand boom to rally oil prices, but early signs indicate it's off to a slow start.
Thu, Jun 8, 2023
Zeroing out methane is the best and biggest opportunity for the industry to advance on its decarbonization goals, says the chairman of the Oil and Gas Climate Initiative.
Fri, Jun 9, 2023
The deputy prime minister set out plans to expand infrastructure that will boost Russia's oil and gas exports to the Asia-Pacific region.
Thu, Jun 8, 2023