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The Latest Breaking News from Walid Fayad

QatarEnergy Replaces Russian Company in Lebanon Gas Exploration

Lebanon, two international oil giants and state-owned oil and gas company Qatar Energy signed an agreement Sunday that the Qatari firm will join a consortium that will search for gas in the Mediterranean Sea off Lebanon’s coast. Qatar Energy is replacing a Russian company that withdrew from the Lebanese market…

Asharq Al-Awsat · Jan 30, 2023

TotalEnergies to Begin Drilling for Oil in Lebanon Next Year

The French company TotalEnergies will begin working towards exploiting Lebanon's Block 9 offshore gas project as of next year, announced caretaker Energy Minister Walid Fayad. The company said in a statement that it began mobilizing the teams in charge of drilling operations on Block 9, revealing that the call for…

Asharq Al-Awsat · Dec 13, 2022

Lebanon, Syria and Egypt sign deal to supply Beirut with gas

Lebanon, Egypt and Syria have signed an agreement to import Egyptian gas to a power plant in northern Lebanon through Syria

The Independent UK · Jun 21, 2022

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Lebanese caretaker energy minister says 'politics' behind delay of U.S.-backed electricity plan

Lebanon's caretaker energy minister said on Wednesday "politics" was behind the delay of a U.S.-backed deal to supply his country with electricity from Jordan via Syrian territory to ease crippling power shortages.

Reuters · Jun 8, 2022

Lebanon Cabinet Approves Electricity Reform Plan

Lebanon's Cabinet on Wednesday approved a plan to reform and restructure the country's crippled electricity sector, a main condition of Western donors and the World Bank to provide financing for regional deals to increase the country's power supply. Al Jadeed TV reported that the Cabinet had endorsed the plan with…

Asharq Al-Awsat · Mar 16, 2022

Lebanon Draft Electricity Reform Plan Sees Tariff Hike, 24-Hour Power by 2026

A draft reform of Lebanon’s crippled power sector seen as vital to addressing its financial crisis envisages an “immediate” hike in electricity prices, for the first time in three decades, and $3.5 billion investment to secure 24-hour power by 2026. The blueprint, dated February 2022 and seen by Reuters, was…

Asharq Al-Awsat · Feb 19, 2022

Lebanon, Jordan agree to bring electricity through Syria

Lebanon signed a U.S.-backed deal with Jordan on Wednesday that aims to ease crippling power shortages by transmitting electricity across neighbouring Syria, after Washington assured Beirut it should not fear its sanctions on Damascus.

Reuters · Jan 26, 2022

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