Lebanon Says Gas, Oil Reserves May be Higher than Thought

Drilling could also be delayed in southern exploration blocs by disputes over a maritime border between Lebanon and Israel that has never been delineated because the two countries are technically at war.

Bassil warned in July that Israel had the technical ability to draw from Lebanese underwater gas fields. Israel's Energy Ministry declined to comment on Bassil's remarks.

In addition to the tensions within Lebanon's cabinet, economic activity in the country has been hurt by a spillover of sectarian violence from the Syrian civil war next door; clashes continued on Sunday in the Lebanese coastal city of Tripoli.

Separately, Bassil said an onshore oil and gas survey was moving ahead as planned, in the hope that surveys of Lebanon's Mediterranean waters could be matched by similar prospects on land.

He said one of five 2-D seismic surveys had been completed and a second was to start next week.

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(Writing by Oliver Holmes; Editing by Andrew Torchia)


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