• Is oil and gas a solution to Lebanon’s economic problems?
  • uncertain, for reasons largely outside its control. Producing oil and gas also isn¡¯t a solution to Lebanon¡¯s economic problems and could make some of them worse. Likewise, we find that overselling the upsides of running power plants on gas risks
  • What if Lebanon started producing oil and gas?
  • nal poverty rate may have already passed 50 percent.Yet even if Lebanon did start producing oil and gas, the socioeconomic be efits of exporting them would not be transformative.Oil and gas exports could conce vably help address these fiscal and monetary crises. An influx of petrodollars could help reduce
  • How much does Lebanon spend on oil & gas?
  • three percent of the annual budget for a few years. And even with Lebanon¡¯s relatively small population, revenues from oil and gas could translate to only a few hundred dollars per capita per year, while the sector
  • Does Lebanon need a new energy strategy?
  • ould have greater long-term benefits and potential.Lebanon needs a new, more realistic vision of wh oil and gas can do for its economy and its people.The current moment, though very painful, ofers leaders a chance to build a new energy strategy for implementation when
  • When will oil start flowing in Lebanon?
  • oil would start flowing no later than 2017 or 2018.Lebanon is unlikely to produce any oil or gas unti sometime in the 2030s¡ª if production ever starts.In the best of conditions, large upstream projects take y ars to develop and have trouble keeping to schedule. One recent survey found that globally, the average
  • Does Lebanon have oil & gas reserves?
  • oduce Lebanon¡¯s hypothetical oil and gas reserves. In an age of high uncertainty around oi prices, that¡¯s a potential barrier to investment. Since Lebanon does not have an oil refinery, foreign refiners, traders