Lebanon signs gas exploration deal with international consortium amid economic crisis [Yahoo! Finance]
TotalEnergies SE Ordinary Shares (TTE)
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Source: Yahoo! Finance
The deal for exploration at the so-called Block 8 off the coast of southern Lebanon comes after Lebanon and Israel signed a 2022 agreement over their maritime border. The new deal is the latest to be granted by Lebanon to international companies to search for gas in its territorial waters. Cash-strapped Lebanon hopes that future gas discoveries will help the small Mideast nation pull itself out of the worst economic and financial crisis in its modern history. The deal was signed at the government's headquarters in downtown Beirut by Energy Minister Joe Saddi from the Lebanese side and officials from the international consortium consisting of France's TotalEnergies, Italy's ENI, and state-owned oil and gas company Qatar Energy. TotalEnergies said in a statement that the consortium plans to start with a 1,200-square kilometer (463 square mile) 3D seismic survey to assess the area's exploration potential. In 2017, Lebanon approved licenses for France's TotalEnergies, Italy's ENI
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TTE
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- 10/30/25 - Miss
TTE
Sec Filings
- 1/14/26 - Form 6-K
- 1/7/26 - Form FWP
- 1/2/26 - Form 6-K
- TTE's page on the SEC website