Ignore the Mirage: Oil and gas will not save Lebanon

The border demarcation issue with Israel is hardly the only one that needs to be resolved. So far, there has been only limited exploration with limited evidence of hydrocarbon reserves. Energy firms may prove wary to invest in a volatile climate such as Lebanon’s, as state institutions are struggling to stay afloat. Meanwhile, the Ukraine war has reshuffled the geopolitical cards. Also, a mishandling of offshore hydrocarbons would produce an environmental disaster on a truly colossal scale.