Make Kitco Your Homepage

Total-ENI-Novatek consortium only bidder for Lebanon offshore energy- energy minister

Kitco News

BEIRUT, Oct 13 (Reuters) - The only bidder in Lebanon's first tender for offshore energy blocks was a consortium made up of France's Total , Italy's ENI and Russia's Novatek, Minister of Energy and Water Cesar Abi Khalil said on Friday.

The consortium submitted two bids for block 4 and block 9, Abi Khalil said in a statement on Facebook. The tender process closed on Thursday. Lebanon relaunched the licensing round for five offshore blocks (1, 4, 8, 9 and 10) in January after a three-year delay due to political problems.

(Reporting by Lisa Barrington. Editing by Jane Merriman)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.