VOL. XLIV

No 51

17-December-2001

SYRIA/LEBANON

Syria Agrees To Supply LebanonWith Natural Gas

Syria has agreed to supply Lebanonwith natural gas beginning next year, under an agreement signed in Beirut on 9December. MEES understands that the agreement provides for a priceformula which, along with various options, would price Syrian gas cif toLebanon in the range of $2.50-3.00/mn BTU, based on an $18 Dated Brent price (MEES,3 September). Lebanese Energy Minister Muhammad Baydun announced after the...