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26 May 2016


The International Research Network (IRN) organized in Rome the Mediterranean Oil and Gas Summit, which addressed the Mediterranean region most pressing issues related to the oil and gas industry, including onshore and offshore developments, downstream activities and investment opportunities to name a few.

Mr. Walid Nasr – Head of the Strategic Planning Department at the LPA – participated in the Summit and addressed the East Med’s oil and gas potential describing the major discoveries and how they could provide local energy security on one hand, and potential export options on the other. Nasr also tackled the possibility of regional collaboration and how it could be an opportunity to modify traditional political structures in the region. Finally, Nasr also presented Lebanon’s latest developments on its nascent petroleum industry.

The Summit was a platform for international experts and key regional stakeholders; namely governmental authorities, exploration and production companies, and service companies; to share insights and knowledge related to the Mediterranean Sea potential resources and how this region could constitute a key energy supplier for Europe.

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