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Lebanon to sign gas exploration deal on Friday, cabinet says
Lebanon seeks to alleviate its economic crisis by exploring offshore gas in Block 8 with TotalEnergies-led consortium holding 35% stake, starting with a 3D seismic survey.
- On Friday, Lebanon's government signed an offshore exploration agreement for Block 8 at Beirut government headquarters, executed by Energy Minister Joe Saddi and consortium officials from TotalEnergies, Eni, and QatarEnergy.
- Following the 2022 maritime border agreement with Israel and last year's maritime demarcation deal with Cyprus, cash‑strapped Lebanon hopes gas discoveries could aid its economic crisis.
- The consortium will start with a 1,200-square kilometer 3D seismic survey to assess Block 8's potential, west of Block 9 where earlier wells did not yield positive results.
- The signing adds to Lebanon's recent licensing drive as the latest permit for international companies to explore its waters, which could yield fields comparable to Leviathan, Tamar, Aphrodite, or Zohr.
- The Levant Basin's geology matters here, as the Levant Basin Province spans multiple countries and a 2010 USGS study estimated about 1.7 billion barrels of oil and 122 trillion cubic feet of gas, while TotalEnergies reloaded its exploration portfolio in Q2 2025.
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TotalEnergies Lands Key Offshore Exploration Permit in Lebanon
TotalEnergies has signed an agreement with Lebanon to obtain an offshore exploration permit in the eastern Mediterranean next to a block where it has started exploration, the French oil and gas supermajor said on Friday. TotalEnergies, as the operator and holder of 35% in the permit, and its partners Eni (35%) and QatarEnergy (30%) have signed the agreement with the Lebanese government to enter Block 8 exploration permit. Block 8 is located wes…
·London, United Kingdom
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Coverage Details
Total News Sources19
Leaning Left7Leaning Right0Center3Last UpdatedBias Distribution70% Left
Bias Distribution
- 70% of the sources lean Left
70% Left
L 70%
C 30%
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