Skip to main content

Posts

Showing posts with the label maritime borde

Israel and Lebanon agree 'historic' maritime border deal, US says

  A finalised deal would allow the neighbours, which remain formally at war, to exploit natural gas fields under the Mediterranean Sea. Israel's Prime Minister Yair Lapid said it would strengthen its security and inject billions into its economy. Lebanese President Michel Aoun described the terms as "satisfactory". The details of the agreement, which covers an 860 sq km (330 sq mile) triangle of the Mediterranean, have not been released. But reports say the Karish gas field would fall under Israeli control, along with a small part of Qana, a prospective gas field. The rest of Qana would be under Lebanon's control and it would pay royalties to Israel for any gas extracted from the Israeli side. The White House said on Monday that President Joe Biden had congratulated the Israeli and Lebanese leaders on moving forward with the deal to establish a permanent maritime boundary. "The agreement... will provide for the development of energy fields for the benefit of bot...