Egypt ready to export gas to Lebanon once US grants waiver

Egypt will once again export natural gas to Lebanon via Syria after the signing of an agreement on June 21. Under the agreement, 650 million cubic meters of natural gas will be exported annually via the Arab Gas Pipeline. The actual supply of gas, as per the World Bank conditions, awaits US approval to exclude Egypt from the sanctions targeting the Syrian government.

Under the deal, Egypt will pump gas through a pipeline to supply Lebanon’s Deir Ammar power plant in the northern part of the country, which would lead to the production of 450 megawatts of electricity, adding four hours of electricity supply a day.