The final contracts for plans to ship natural gas to Lebanon via the Arab Gas Pipeline are expected to be signed “soon,” according to a Lebanese cabinet statement. The Lebanese government is set to coordinate with Egypt’s Oil Ministry this week over final terms for the gas imports, he added. Technical agreements on the plan have been finalized and the two sides are currently awaiting a financing agreement with the World Bank, and further assurance from the US that the move will not run afoul of sanctions against Syria, Oil Minister Tarek El Molla said last week (watch, runtime: 11:49).

Background: Egypt last year agreed to export natural gas to Lebanon by reviving the dormant Arab Gas Pipeline running through Jordan and Syria, to help relieve the country’s dire fuel shortage.

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