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Story summary
- Lebanon signed a gas exploration agreement for offshore Block 8 with TotalEnergies, Eni, and QatarEnergy to revive its hydrocarbons sector.
- The consortium will conduct a 3D seismic survey over 1,200 square kilometers as a precursor to potential drilling.
- Lebanon plans a fourth offshore licensing round to attract more international companies, following the 2022 maritime border deal.
- Officials emphasize that any commercial discoveries will take years to yield production and revenue.
