Lebanon offshore drilling finds no commercially viable gas: minister

Beirut (AFP) – Drilling off Lebanon’s coast has detected traces of gas but no commercially viable reserves, the energy minister and an exploration firm said on Monday.”Initial drilling results showed the presence of gas at different depths in the geological layers” of block 4, Energy Minister Raymond Ghajar told reporters at a news conference.But after some two months of drilling “no gas reservoir, no commercial reservoir was found,” he said.The results had been awaited with anticipation, with many Lebanese hoping a major hydrocarbon discovery could help redress the debt-burdened economy.A con…

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