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Asharq Al-Awsat
Asharq Al-Awsat
World
Beirut- Asharq Al-Awsat

Egyptian Gas Supply to Lebanon Awaits US Guarantees, World Bank Funding

The Egyptian Minister of Petroleum and Mineral Resources and his Lebanese counterpart in Cairo in October 2021. (Asharq Al-Awsat)

Lebanon’s Energy Minister Walid Fayyad held talks with Egypt’s Minister of Petroleum and Mineral Resources Tarek al-Mulla in Cairo on Thursday.

Fayyad said that concluding the deal to import gas from Egypt through Syria requires US guarantees to exempt Lebanon from the Caesar Act sanctions, and requires the necessary World Bank financing.

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