As the oil rally continues to gain momentum, with prices expected to reach $100, renewable energy could profit from the trend, even in oil producing countries. Since last year, energy demand has outstripped supply, driven by high economic growth, a harsh winter and geopolitical tensions. Yet experts who spoke to Arab News believe that rising oil prices will not curb Gulf
BEIRUT: Lebanon signed a deal on Wednesday to import electricity from Jordan through Syria after US assurances that the agreement was not in breach of sanctions against the Assad regime in Syria. The deal is expected to supply Lebanon with two hours of power a day, double what is currently available from EDL, the state electricity generating company. Electricity from Jordan
"The Jordanian electricity and Egyptian gas could provide around six hours of electricity," Jessica Obeid, Lebanese energy policy consultant and non-resident scholar at the Middle East Institute told Reuters. "This is definitely needed especially as the power sector crisis is developing into a humanitarian one."
Obeid called the agreements an "unsustainable band-aid solution," however, dubbing the plan "a quick fix which does not solve any of the sector's problems which are deeply rooted in the politics and governance."
BEIRUT (Reuters) - Lebanon signed a U.S.-backed deal with Jordan on Wednesday that aims to ease crippling power shortages by transmitting electricity .
BEIRUT (Reuters) - Lebanon signed a U.S.-backed deal with Jordan on Wednesday that aims to ease crippling power shortages by transmitting electricity across neighbouring Syria, after Washington assured Beirut it should not fear https://www.reuters.com/article/lebanon-crisis-energy-usa-idAFL1N2TU11N its sanctions on Damascus.