The gas windfall that will make or break Lebanon

The challenges of managing a resource boom are existential ones for Lebanon, which faces the potential revolution of its economy and regional relationships after its first major natural gas find.

Australians know that natural resources can be both a blessing and a curse and now Lebanon, a country better known for being maligned by corruption and regional conflict, is walking a tightrope between the two after a major natural gas find.

Last month the Middle Eastern country kicked off its first ever licensing round for offshore exploration licences, after UK-based surveyor Spectrum GEO identified offshore natural gas deposits in a 3000sq km section of the Levant Basin.

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