Lebanon's Energy Minister Discusses Gas Projects with World Bank Affiliate

Lebanon's Minister of Energy and Water, Joe Al-Saddi, convened with a delegation from the International Finance Corporation (IFC), an arm of the World Bank Group, to explore progress on the nation's energy infrastructure initiatives.

The delegation included Khawaja Aftab, Director of the Beirut Office; Enrique Armas, Regional Director for Consulting on Public-Private Partnerships and Project Finance; Michael Obagi; and Investment Officer Mazen Al-Saad.

The discussions centered on advancing the FSRU gasification station and the importation of gas needed to activate the Deir Ammar power generation facility. Officials also explored strategies to draw investment for the construction of a second modern gas-fired power plant at the Deir Ammar location.

In a separate engagement, Al-Saddi also held talks with Iyad Al-Hazzaa, Chargé d'Affaires of the Syrian Arab Republic in Lebanon. The meeting addressed ongoing collaborative efforts between the two nations, with particular focus on energy cooperation and gas resource development.