Wednesday, December 08, 2021

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Egypt accelerates preparations to supply gas to Lebanon

Egypt accelerates preparations to supply gas to Lebanon

Cairo, Oct 6 (Prensa Latina) The Oil Minister of Egypt Tarek El-Molla affirmed that his country is working rapidly to start supplying gas in the coming weeks to Lebanon, which is suffering from a severe energy crisis.
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The necessary procedures to send natural gas to Lebanon, via Syria and Jordan, will be completed shortly, the official assured the press after a meeting with his Lebanese counterpart, Walid Fayad.

Fayad’s two-day visit was aimed at developing a plan for gas supply, including technical, commercial and contractual aspects, El-Molla said.

Fayad with the Minister of Electricity of Egypt Mohamed Shaker, with whom he discussed the possible participation of Egyptian companies in electricity projects in Lebanon to help solve their energy shortage problems.

The crisis in Lebanon worsened significantly after the closure of its two large thermoelectric plants in July due to lack of fuel.

Last month the sector ministers of Egypt, Syria, Lebanon and Jordan met in Amman to finalize the details of the agreement.

Egypt achieved self-sufficiency in natural gas at the end of September 2018, and according to official data, production reached 7.2 billion cubic feet per day and is expected to increase following recent discoveries of other fields.

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