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Asharq Al-Awsat

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Beirut - Asharq Al-Awsat

QatarEnergy to Join Lebanon Offshore Oil and Gas Exploration

QatarEnergy TotalEnergies Eni Lebanon Total Oil Novatek France Russia United States

A sign with the logo of French oil and gas company TotalEnergies is pictured at a petrol station in Bouguenais near Nantes, France, November 14, 2022. REUTERS/Stephane Mahe/File Photo

QatarEnergy will join TotalEnergies and Eni in a three-way consortium to explore oil and gas in two maritime blocks off the coast of Lebanon, the Lebanese energy ministry said on Thursday.

Following months of talks, QatarEnergy is set to take a 30 percent stake, leaving France's TotalEnergies and Italy's Eni with 35 percent each.

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