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BREAKING
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed

Lebanon signs gas deal with Egypt, Syria for electricity

  • By Al Mayadeen English
  • Source: Agencies
  • 21 Jun 2022 17:53
  • 2 Shares
2 Min Read

A long-awaited deal is finally signed between Beirut, Cairo, and Damascus to boost the Lebanese power supply by four hours.

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  • The gas could add around 450 MW of power to Lebanon (Reuters)
    The gas could add around 450 MW of power to Lebanon (Reuters)

Lebanon, Syria and Egypt signed a deal on Tuesday in order to boost power supply in Lebanon by an additional four hours a day.

In the midst of a financial crisis, which the World Bank called among the most severe since the 1850s, Lebanon launched talks with Egypt last year to import gas passing through Jordan, Syria, and finally arriving to Lebanon.

Beirut's Energy Minister Walid Fayad, as well as officials from Syria and Egypt, signed a final version of the deal in Beirut.

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Fayad said in a press conference that the deal's importance lies in the fact that it will secure an additional four hours of electricity a day, up from just two currently.

The deal is part of a wider effort (including a separate deal with Jordan) to boost supply by 8 to 10 hours a day in the coming months.

"We hope that after today, all hurdles will have been cleared so that we can receive World Bank funding and... final guarantees from the US, especially with regard to sanctions," Fayad said, as the implementation of both agreements requires funding from the World Bank and assurances from the US that unilateral sanctions will not be triggered under the Caesar Act (which prohibits dealings with Syria).

The deal was brokered a little more than a year ago when Lebanon began experiencing a fuel and power crisis. As the US prevented any deal with Syria or allowed Lebanon some breathing room, Hezbollah Secretary-General Sayyed Hassan Nasrallah announced that Iran will be sending fuel to Lebanon, prompting the US to announce an initiative to allow the import of electricity to Beirut.

 

  • Lebanon
  • Natural Gas
  • Electricity
  • Lebanon crisis
  • Economic crisis in Lebanon

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