Exposure to US sanctions still a problem for Lebanon’s regional power plan
- Date: 02-Feb-2023
- Source: Arab Weekly
- Sector:Financial Services
- Country:Lebanon
Exposure to US sanctions still a problem for Lebanon’s regional power plan
CAIRO-
Egypt is still seeking assurances that US sanctions will be waived in order to start exporting gas to Lebanon through Syria under a plan first announced in 2021 to help ease Lebanon’s power crisis, a senior French official said on Tuesday.
The plan also has yet to go to the World Bank board, which will assess reforms to Lebanon’s electricity sector which are preconditions for it to release a $300 million loan to finance the gas exports over 18 months, said Pierre Duquesne, France’s envoy on international support to Lebanon.
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