LNG Terminal to Go Ahead
By Elissa Raphael. The electricity sector remains one of the biggest obstacles to real reforms in the country. With the aim to find cheaper sources of energy and abandon the use of fuel oil, being expensive and posing a threat to the environment , the Ministry of Energy launched a bid for the construction of an offshore Liquified Natural Gas (LNG) import terminal.
The goal is to store imported LNG and provide natural gas to the Deir Ammar power plant, running on gas oil.
The use of LNG is expected to reduce the Deir Ammar plant's energy requirements by up to $200 million on a yearly basis. A total of 30 companies are expected to apply for the bid, according to the Ministry.
The infrastructure requirements for the natural gas (LNG terminal, pipeline along the coast,) are included in the policy paper of the Ministry Energy for the electricity sector, issued in 2010. The policy includes on the supply side, the natural gas as conventional energy source, being the most economical with the least environmental impact, in addition to renewable energies such as wind, solar, waste to energy.
For some energy experts, LNG is expected to reduce the energy bill by 30 percent. However, Lebanon still needs to build more power plants to meet growing demand. According to the World Bank, electricity consumption per capita in Lebanon, is 3,130 Kilowatts per hour, compared to the global average of 2,803 KWh per capita.
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