Authorities from Lebanon, Egypt, and Syria on Tuesday in Beirut signed a contract for the re-flow of gas from the “Arab Natural Gas” line.
At the ceremony for the gas deal conducted at the Lebanese Ministry of Energy, attendees included the country’s energy minister, Walid Fayyad, the deputy ambassador of Syria to Beirut, Ali Abdulkerim Ali, and the ambassador of Egypt to Beirut, Yasser Allavi.
According to the agreement, Egypt would send Lebanon 720 million cubic meters of water annually.
“Lebanese citizens will be able to offer electricity for four more hours every day with Egyptian gas,” Fayyad said.
The participants in the agreement, according to Fayyad, asked that Egypt be exempted from the Caesar Act, which deals with US sanctions against the Assad regime in Syria.
In light of the fact that the World Bank fully funds Egypt’s gas imports, Egypt urged the US administration to support the agreement’s execution.
Lebanon, Egypt, Syria, and Jordan came to an agreement on the reopening of the Egyptian-owned Arab Natural Gas Pipeline and gas supplies to Lebanon on September 9 of last year during a summit in Amman, Jordan.
However, little real progress was made during the last nine months because of the Caesar Law, which governs US sanctions on the Assad regime in Syria.
Jordan and Egypt have asked the US for written permission to be exempt from penalties.