Lebanon has vast reserves of untapped geothermal energy, according to the Lebanese Energy and Water Minister Arthur Nazarian.
The minister believes geothermal energy must be tapped soon because it takes time for geothermal plants to rise to full productive capacity. He believes that Lebanon should aim for a goal of supplying 0.2 percent of its total energy with geothermal by 2025.
"The geothermal resource assessment for Lebanon showed that the geothermal energy available in the country is 1,000 million megawatt hours, which is 70 fold the amount of energy needed in Lebanon per year," the minister said. "[…] But the great amount of this kind of energy available in Lebanon and the fast improvement in extraction techniques necessitates a prompt move on our side by starting with the studies required for that purpose."
Meanwhile, twenty-four countries will be coming to Washington, D.C., in April in order to examine the outlook for the geothermal market and the policies driving geothermal development for the Geothermal Energy Association's (GEA) International Geothermal Showcase.
According to the GEA, the market for geothermal energy around the world is enormous. There are almost 700 geothermal projects in 76 countries.