Israel and Lebanon Reach ‘Historic’ Agreement Over Maritime Border
Deal paves way for natural gas exploration
Lebanese President Michel Aoun meets with Deputy Parliament Speaker Elias Bou Saab, the lead negotiator on a U.S.-mediated maritime border deal with Israel, at the presidential palace in Baabda, Lebanon October 11, 2022. Dalati Nohra/Handout via REUTERS Reuters • October 11, 2022 11:10 am
By Timour Azhari and Maayan Lubell
BEIRUT/JERUSALEM (Reuters)—Lebanon and Israel have reached a historic agreement demarcating a disputed maritime border between them following years of U.S.-mediated negotiations, Israeli Prime Minister Yair Lapid said on Tuesday.
While limited in scope, a deal would mark a significant compromise between states with a history of war and hostility, opening the way for offshore energy exploration and easing a source of recent tensions.
“This is a historic achievement that will strengthen Israel’s security, inject billions into Israel’s economy, and ensure the stability of our northern border,” Lapid said in a statement.
In Lebanon, President Michel Aoun said the terms of the final U.S. proposal were satisfactory and he hoped the deal would be announced as soon as possible.
The agreement is meant to resolve a territorial dispute in the eastern Mediterranean Sea in an area where Lebanon aims to explore for natural gas. Israel is already producing natural gas at fields nearby.
It sets a border between Lebanese and Israeli waters for the first time and also establishes a mechanism for both countries to get royalties from an offshore gas field that straddles the boundary.
The deal does not touch on their shared land border.
Lebanese negotiator Elias Bou Saab told Reuters that the latest draft “takes into consideration all of Lebanon’s requirements and we believe that the other side should feel the same.”
It was also endorsed by the heavily armed, Iran-backed Lebanese group Hezbollah, which until recently has threatened to attack Israeli gas facilities, according to two officials.
A senior Lebanese government official and an official close to Hezbollah said the group had agreed to the terms of the deal and considered negotiations “over.” Hezbollah has yet to formally comment.
While Israel has
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Now loading...