Offshore areas within the japanese Mediterranean and Levant have yielded main gasoline discoveries previously decade.
State-owned QatarEnergy is in talks with the Lebanese authorities to take a 30 % stake in an offshore exploration block and can also be negotiating with TotalEnergies and Eni on this matter, CEO Saad al-Kaabi confirmed on Sunday.
Two sources stated final week that TotalEnergies and the Lebanese authorities reached a deal handing the French oil main momentary majority management of the block and paving the best way for negotiations with Qatar over a stake within the gasoline mission.
“We’re within the technique of discussing that with the federal government of Lebanon and the companions, Complete and Eni for a participation of round 30 % possession of that exploration block,” al-Kaabi stated.
“Sooner or later after we get that mainly finalised as an settlement and we signal that settlement, we’ll announce it.”
The preliminary exploration licence was held by a three-part consortium of TotalEnergies, Italy’s Eni, and Russia’s Novatek. Beirut introduced in September that Novatek, which held a 20 % stake, would exit.
Offshore areas within the japanese Mediterranean and Levant have yielded main gasoline discoveries previously decade. Curiosity in these has grown since Russia’s invasion of Ukraine disrupted gasoline provides.