Lebanon’s gas boom-in-waiting goes into deep freeze

BEIRUT, Lebanon, Nov. 7 (UPI) — Lebanon’s energy boom-in-waiting seems to be more or less on permanent hold these days, with little prospect that the country’s perpetually feuding politicians can set aside their sectarian rivalries to get exploration under way. But the danger of spillover from the Syrian civil war next door and meddling by regional powers like Saudi Arabia and Iran could well put the whole economy-saving enterprise into deep freeze for a long time. The most immediate problem is that Lebanon, squeezed by a national debt of $60 billion and its economy crumbling by the day, has been without a government since March, when the Iranian-backed Hezbollah engineered the collapse of a so-called unity Cabinet. All efforts to cobble together a new one have foundered on the sectarian rivalries that have dogged the tiny Mediterranean state since France bestowed independence in 1943. At that time, Christians, headed […]

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