-
Lebanon, Israel at a crossroads for gas wealth prospects
Europe's growing need for gas caused by Russia's war on Ukraine is increasing interest in speeding exploration and drilling of gas fields in the Mediterranean Sea -- and pushing Lebanon and Israel to try settle their years-long maritime border dispute. The arrival of a floating gas exploration ship, operated by London-based Energean, to the Karish field off the Mediterranean coast earlier this month has revived the dispute and raised tension between the two countries, which are still in a state of war. The Karish field, which contains 1.4 trillion cubic feet of proved and probable gas reserves, is located south of ... (full story)