Gradually Lebanon is seemingly becoming a new hub in the oil and gas international scenario, given all the recents statements about new oil and gas off shore fields discovered, and that could strengthen the Republique Libanaise (its official french name) geopolitical position in the Mediterranean and Middle East, alongside other countries such as Israel, Cyprus, Greece, underscoring the sudden relevance of the Eastern Mediterranean Basin, inserted in a global quest by international oil companies and powers to broaden the field for new oil and gas discoveries, lessen their dependence on traditional oil exporting countries aka OPEC and the likes, but the main question in all this initial fuss could be if this could be enough to displace the traditional axis of energy. And this is because there has been a lot of great hope on the Mediterranean basin specifically Israel and Lebanon, to maybe replace troublesome and very hotspots such as the Caspian basin, mired in political instability and to bypass the heavy influence from the Kremlin in these countries. Lebanon in this case could add another ingredient to its very hot mix of elements it has to deal with (continuing political vacuums, the consecuences it is suffering of the war in syria, Hezbollah troublesome presence in the lebanese system reinforcing Iran leverage in the country) so although it is very positive for the lebanese economy only dependent on tourism revenues, to have in the future a buoyant oil and gas industry thats already attracting foreign companies such a LUKOIL, CNPC, EXXON, it could add maybe a very spicy ingredient to the melitng pot that has been Lebanon for many decades since it acchieved its independence from France. Lets see how the Switzerland of the Middle East is becoming the new geopolitical energy hub in the Mediterranean.
