![Leviathan field [Getty]](/sites/default/files/styles/large_16_9/public/media/images/608D2BE5-347C-4660-9E81-312B3A4B861D.jpg?h=d1cb525d&itok=Bym5WqYz "Leviathan field [Getty]")
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The suspension comes after Israel and Iran threatened to target each others energy infrastructure following Iran's ballistic missile attack on 1 October.
Baghdad has agreed to increase the volume of heavy fuel oil supplied under an existing deal by 50% to 1.5 million metric tonnes this year, Lebanon's energy minister Walid Fayad said.
Lebanon and QatarEnergy will sign a deal this weekend which will see the company gain a stake in one of Lebanon's maritime blocks to begin gas exploration.
Following a landmark deal between Israel and Lebanon regarding oil fields in the Mediterranean, the French oil and gas giant TotalEnergies said it is committed to drilling in areas unlocked for exploitation as part of its deal with Lebanon.
According to the landmark deal signed last month between Lebanon and Israel, the latter will first have to give approval for a company wishing to develop the Lebanese Qana field.
Israel has signed deals with two energy giants, TotalEnergies and ENI, over a gas field shared with Lebanon. This follows an 'historic' agreement between the two nations over a protracted maritime border dispute.
![Lebanon has suffered fuel shortages as a result of its ongoing economic crisis [Getty]](/sites/default/files/styles/large_16_9/public/2022-11/GettyImages-1238975118.jpg?h=167c6200&itok=KDpV_dtG)
The US has warned Lebanon that it could be subjected to sanctions if it accepts a gift of fuel from Iran, one day after a strike in Syria on an Iranian convoy reportedly carrying fuel to Iran.
Lebanon is suspected to have huge offshore gas reserves which could present an opportunity for desperately needed funds for Beirut.
The US will evaluate whether a deal to export gas from Egypt to Lebanon via Syria violates sanctions on Damascus only after Cairo and Beirut agree to the terms
Lebanon has extended the licensing deadline for oil and gas companies to explore in the country’s territorial waters until mid-December