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Gas imports agreement signed between Egypt, Lebanon and Syria

by Daily Sabah

Lebanon on Tuesday signed an agreement with Egypt and Syria to import 720 million cubic meters of Egyptian natural gas annually through Syrian territory amid shortages of electricity supplies in Lebanon, which is suffering under a severe energy crisis and chronic outages.

The agreement still needs to be signed off on by the World Bank, which is supposed to finance the process. Also, U.S. assurances are needed that the countries involved will not be targeted by American sanctions imposed on Syria, Lebanese Energy Minister Walid Fayad said.

Egypt had agreed to supply Lebanon with natural gas to its power plants through Jordan and Syria. Syrian and Lebanese experts have finished renovation work on the pipeline, which has been ready for months.

Read the full story on Daily Sabah

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Daily Sabah
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