The Government of Lebanon is unlikely to see any hydrocarbon revenues over the next decade. The most optimistic projections are that oil and gas revenues would start to be collected at least seven to eight years from now and will not exceed two percent of GDP even at peak production. These projections are conditional on a commercial discovery being made this year and there being no delays in field development, both of which are improbable. Additionally, Lebanon’s latest energy plan calls for a large proportion of any commercial gas discovery to be earmarked for domestic energy production. In short, revenue estimates remain highly speculative and could be negligible. Kulluna Irada and The Lebanese Oil and Gas Initiative worked with natural resources expert, Andrew Bauer, to produce a report on the issue as well as on the potential creation of a special fund to allocate hydrocarbon revenues to underfunded expenditure items.
Publications
Lebanon’s Maritime Borders: Issues from the North and the South
Lebanon’s dispute over maritime borders and its Exclusive Economic Zones with Israel and Syria, despite its stagnant energy policies.
The Legal Framework of the Lebanese Petroleum Sector in a nutshell
Mismanagement of Environmental Crises in Lebanon – Oil Spill
Lebanon’s mismanagement of environmental crises and its disastrous effect on the natural environment, human health, communities, and the economy.
Renewable Energy in Lebanon
The Energy Sector in Lebanon and its ability for transition in light of the best practices from Jordan.
EITI in Lebanon
Shedding light on the definition of the Extractive Industries Transparency Initiative (EITI), details about the status of the EITI in Lebanon, and the importance of its implementation.
