-- He explained that the U.S. Geological Survey had estimated the gas reserve in the eastern Mediterranean to be around 122 trillion cubic feet, of which Lebanon’s share is around one-third. “Lebanon also has the right to what is equivalent to 1.5 billion barrels of oil from the same area,” Qabbani added. -- So we are expected to recover around 40 tcf of gas: Just as a comparison, USAs estimated shale gas reserves are around 665 tcf i.e. 16,6 times those of Lebanon. Knowing that USA has a population of 315 million i.e. nearly 80 times ours, and that their economy has been boosted by gas production, if we know how to handle the oil and gas assets we should be able to pay our debts, develop the energy (electricty, water..) sector, and prosper... Only we are still fighting on the basis of religions. So theres a long way ahead sadly.
Posted on: Thu, 11 Sep 2014 08:54:10 +0000
Trending Topics
Recently Viewed Topics
© 2015