Lebanon: TotalEnergies, Eni and QatarEnergy Sign Block 8 Exploration Agreement
The consortium led by TotalEnergies secures exploration rights for Lebanon’s offshore Block 8. This agreement, ratified on January 8, 2026, marks a milestone for a country facing unprecedented economic collapse.
| Countries | Chypre, France, Italie, Liban, Qatar |
|---|---|
| Companies | TotalEnergies, TGS, Qatarenergy, Eni, Energean |
| Sector | Gaz |
| Theme | Politique & Géopolitique |
The Lebanese government has formally awarded exploration rights for Block 8, located in the country’s southern maritime zone, to a consortium comprising TotalEnergies (operator, 35%), Eni (35%), and QatarEnergy (30%). This decision, ratified by the Cabinet on January 8, 2026, comes amid acute economic crisis and political reconfiguration. The Lebanese pound has lost more than 98% of its value since 2019, falling from an official rate of 1,507 LBP per dollar to approximately 89,000 LBP/USD on the market. Nominal GDP, which exceeded $50 billion before the crisis, reportedly reached approximately $43 billion in 2025 according to available estimates.
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