LNG

Jan 30 (LNGJ) - Leading LNG exporter QatarEnergy has completed its purchase of a 30 percent interest in exploration Blocks 4 and 9 offshore Lebanon. QatarEnergy bought its stake from the two other shareholders in the blocks, France’s TotalEnergies and Italy’s Eni. The deal was endorsed in Beirut during a ceremony attended by all the parties including Walid Fayad, the Minister of Energy and Water of Lebanon and Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and Chief Executive of QatarEnergy.

   “We are very pleased to welcome QatarEnergy to our exploration acreage in Lebanon,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies. “The recent delineation of Lebanon’s maritime border with Israel has created new momentum for the exploration of its hydrocarbon potential. Along with our partners, we are committed to drilling as soon as possible in 2023 of an exploration well in Block 9,” added Pouyanné.

TotalEnergies Chairman and Chief Executive Patrick Pouyanné has met Lebanese Minister of Energy and Water Walid Fayad at the French major’s Paris headquarters to mobilize drilling teams for the Block 9 offshore resource that will make Lebanon an energy producer in what is becoming the Eastern Mediterranean LNG and pipeline gas hub.