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Qatar Offers Lebanon 2 Gas Plants and 20 Years of LNG Piped Through Syria

Qatar Offers Lebanon 2 Gas Plants and 20 Years of LNG Piped Through Syria | EN590 Commodities Group
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Qatar Offers Lebanon 2 Gas Plants and 20 Years of LNG Piped Through Syria

October 19, 2026
Source: oilprice.com
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Qatar Offers Lebanon 2 Gas Plants and 20 Years of LNG Piped Through Syria Escalating Iranian attacks on commercial… Qatar is offering to take over Lebanon's power supply problem at no upfront cost to Beirut.

A draft programseen by Reutershas Qatar building two gas-fired power plants within three years and QatarEnergy supplying the gas under a 20-year LNG contract, with private financing in place of Lebanese public money.

The document leaves payment obligations and guarantees open for negotiation, and Lebanon's state utility currently delivers only a few hours of electricity a day.

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The National Integrated Energy Investment Program includes two 825-megawatt combined-cycle plants, one at Deir Ammar in the north and one at Zahrani in the south.

QatarEnergy would deliver gas through a floating storage and regasification unit with capacity of 3.5 million cubic meters per day, and through the Arab Gas Pipeline via Syria at 4.5 million cubic meters per day.

The plan adds 800 MW of solar, 440 MW of wind, battery storage, and 300 MW of power imports from Syria over two routes.

A person familiar told Reuters that the build-out could take three years if both governments approve it quickly.

Lebanon's state utility, Electricite du Liban, supplies only a few hours of power a day.

Private diesel generators provided about half of the country's electricity at the start of 2026,according to a reportcited by The National.

Prime Minister Nawaf Salam said on Friday that Qatar would finance, run and operate the project, and that QatarEnergy and TotalEnergies would jointly develop a solar plant as the first stage.

Lebanon's economy is expected to shrink by 6% to 7% this year.

The program would extend Qatar's power business in Syria, where a consortium led by Qatar's UCC Holding signed concessions in November 2025 for5,000 MW of generation: 4,000 MW of gas-fired combined-cycle plants and 1,000 MW of solar.

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Indicative Market Prices October 19, 2026 22:53 UTC
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Brent Crude$102.14/bbl +0.34%
WTI Crude$96.90/bbl +0.21%
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Jet Fuel A-1$1090/MT +0.55%
Mazut M100$450/MT -0.15%
Bitumen 60/70$470/MT +0.08%
Sulphur Gran 99.5%$470/MT -0.44%
Urea 46% Gran$650/MT +1.12%
NPK 16-16-16$460/MT -0.28%
Nat Gas TTF$15.42/MMBtu +0.92%
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