Lebanon warns neighbors over using territory for gas pipeline

Lebanon’s foreign minister, Gebran Bassil, above, said he had written to UN Secretary-General Antonio Guterres to request that the pipeline not infringe on Lebanon’s exclusive economic zone (EEZ). (Reuters)
Updated 08 March 2019
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Lebanon warns neighbors over using territory for gas pipeline

  • Israel is hoping to enlist several European countries in the construction of a 2,000-km pipeline linking vast eastern Mediterranean gas resources to Europe
  • Beirut has an unresolved maritime border dispute with Israel over a sea area of about 860 sq. km extending along the edge of three of Lebanon’s southern energy blocks

BEIRUT: Lebanon on Thursday warned its Mediterranean neighbors that a planned EastMed gas pipeline from Israel to the EU must not be allowed to violate its maritime borders.
Beirut has an unresolved maritime border dispute with Israel — which it regards as an enemy country — over a sea area of about 860 sq. km extending along the edge of three of Lebanon’s southern energy blocks. Israel is hoping to enlist several European countries in the construction of a 2,000-km pipeline linking vast eastern Mediterranean gas resources to Europe through Cyprus, Greece and Italy at a cost of $7 billion.
Lebanon’s foreign minister, Gebran Bassil, said he had written to UN Secretary-General Antonio Guterres, EU foreign policy head Federica Mogherini and the foreign ministers of Cyprus, Greece and Italy to request that the pipeline not infringe on Lebanon’s rights within what it claims as its exclusive economic zone (EEZ).
In a copy of the letter sent to Greece’s Foreign Ministry seen by Reuters, Bassil said Lebanon would not allow its sovereignty to be breached, “especially when it comes to any eventual attempt from Israel to encroach on Lebanon’s sovereign rights and jurisdiction over its EEZ.”

 

Israeli Prime Minister Benjamin Netanyahu on Wednesday said US Secretary of State Mike Pompeo will visit Israel in the next few days to help with its plan to export natural gas to Europe. “In a few days, the leaders of Cyprus and Greece will come here, together with ... Pompeo, to advance a gas pipeline from Israel to Europe via these countries,” Netanyahu said.
Pompeo on Monday said his visit to the region will also include stops in Beirut and Kuwait.
Lebanon last year licensed a consortium of Italy’s Eni, France’s Total and Russia’s Novatek to carry out the country’s first offshore energy exploration in two blocks. One of the blocks, Block 9, contains waters disputed with Israel.
Lebanese leaders have repeatedly warned Israel not to encroach on its offshore oil and gas reserves.
A number of big gas fields have been discovered in the eastern Mediterranean Levant Basin since 2009. But the region lacks significant oil and gas infrastructure, and political relations between the countries — including Cyprus, Greece, Egypt, Israel, Lebanon and Syria — are strained on a number of fronts. In January, eastern Mediterranean countries agreed to set up a forum to create a regional gas market, cut infrastructure costs and offer competitive prices. Lebanon, Turkey and Syria did not participate in the meeting.

FASTFACTS

$7bn - The cost of a 2,000-km pipeline that Israel hopes to construct by enlisting several European countries.


China’s crude oil imports from Saudi Arabia up 43%

Updated 25 May 2019
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China’s crude oil imports from Saudi Arabia up 43%

  • Imports grew to 1.53 million barrels per day compared with 1.07 million a year ago
  • Sinopec Group and China National Petroleum Corp., the country’s top state-owned refiners, are halting Iranian oil purchases for loading in May, three people with knowledge of the matter said

BEIJING: China’s crude oil imports from Saudi Arabia rose 43 percent in April, making the Middle Eastern OPEC kingpin once again the top supplier to the world’s second-biggest economy, boosted by demand from new private refiners.
Saudi imports grew to 6.30 million tons, or 1.53 million barrels per day (bpd) on a daily basis, compared with 1.07 million bpd in the year ago period, according to data from the General Administration of Customs released on Saturday.
Saudi shipments were supported by higher refinery run rates at Hengli Petrochemical Co. Ltd, with production at the 400,000 bpd-capacity refinery in northeast China expected to reach optimal levels in late June. About 70 percent of the feedstock for Hengli came from Saudi Arabia.
Meanwhile Russian supplies were 6.12 million tons, or 1.49 million bpd, up from 1.35 million bpd in April last year.
China in April imported 3.24 million tons of crude oil from Iran, or 789,137 bpd, up from March’s 541,100 bpd, as companies ramped up buying before the scrapping of sanctions waivers the US had granted to big buyers of Iranian oil.
China Petrochemical Corp. (Sinopec Group) and China National Petroleum Corp. (CNPC), the country’s top state-owned refiners, are halting Iranian oil purchases for loading in May, three people with knowledge of the matter said.
Venezuela shipments stood at 1.9 million tons, or 462,813 bpd in April, up 85 percent versus 249,700 bpd in March, while crude imports from Iraq were 3.31 million tons, or 806,372 bpd, down from 904,500 bpd the previous month.