Natural gas discovery sparks debate in Lebanon over SWF

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Lebanese government officials are discussing plans to set up a sovereign wealth fund (SWF) to manage potential natural gas revenue after evidence emerged of an underwater natural gas field off its coast.

Results from tests conducted by Noble Energy, an oil and natural gas exploration and production company, in June showed there was a 50% chance of discovering an estimated 16 trillion square foot natural gas field in Northern Israel, with some of the gas reserves within Lebanese territorial waters

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