Al-Fassel | 2025-10-30

Abundant, unexplored gas reserves along its Mediterranean shore provide Lebanon a unique opportunity to fuel economic revival, create jobs, and achieve energy independence.

By capitalizing on this vital resource, the country has the opportunity to address its economic challenges and unlock long-term prosperity.

Growth through gas development

Lebanon’s offshore gas reserves, estimated at 25 trillion cubic feet, represent a significant financial asset.

Developing these resources could inject billions of dollars into the economy, helping alleviate Lebanon’s ongoing financial crisis.

According to energy experts, gas exports could generate substantial revenue, potentially contributing up to $5 billion annually to the state’s coffers once production is operational.

The gas industry also has the potential to create thousands of jobs across various sectors.

From exploration and drilling to transportation and infrastructure, the industry requires a skilled workforce.

This could reduce Lebanon’s high unemployment rate, which currently exceeds 29%, while providing opportunities for young professionals and technical experts.

Moreover, the development of the gas sector could stimulate growth in complementary industries.

For instance, local businesses in construction, logistics, and technology could benefit from increased demand for services.

This ripple effect would further boost economic activity and improve living standards for Lebanese citizens.

In addition to direct economic benefits, natural gas could reduce Lebanon’s reliance on costly energy imports. The country currently spends approximately $4.5 billion annually on fuel imports to meet its energy needs.

By utilizing its own gas resources, Lebanon could lower energy costs, improve energy security, and redirect savings toward infrastructure development and public services.

Challenges and solutions

While the gas industry offers immense potential, Lebanon must address key challenges to ensure sustainable development.

Transparent governance is critical to managing gas revenues effectively. Establishing a sovereign wealth fund, similar to models used in Norway and Qatar, could help safeguard profits and invest in long-term national priorities.

Geopolitical tensions and maritime border disputes with other countries could present a hurdle. Resolving such disputes through diplomacy is essential to attract foreign investors and ensure smooth operations.

Finally, Lebanon must create a favorable investment climate to draw international energy companies.

Offering competitive terms, such as tax incentives and streamlined licensing processes, could encourage global firms to invest in exploration and production.

These partnerships would bring advanced technology and expertise, accelerating the development of Lebanon’s gas sector.

Lebanon’s gas industry offers a lifeline for its economy. By harnessing its natural resources, the country can generate revenue, create jobs, and achieve energy independence.

With strategic planning and transparent management, Lebanon can unlock the full potential of its gas reserves and pave the way for a brighter economic future.