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Asharq Al-Awsat
Asharq Al-Awsat
World
Mohamed Choucair - Asharq Al-Awsat

Lebanon: Gas Import Agreement from Egypt Disrupted by Unsecured WB Financing

Électricité du Liban building (Asharq Al-Awsat)

An agreement to transport Egyptian gas to Lebanon via Syria is currently disrupted by Lebanon’s failure to meet the conditions for obtaining a World Bank loan and Washington’s reluctance to give an official approval confirming that the deal is not affected by the Caesar Act, sources told Asharq Al-Awsat on Tuesday.

They said Lebanon continues to suffer from a severe crisis in electricity supply, while concerned officials are only offering temporary solutions to the problem, either by renewing a contract to import fuel from Iraq or searching for other sources from Algeria and Kuwait to secure fuel.

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