The Israeli government has finally approved the common maritime border agreement with Lebanon, paving the way for signature.
This is a diplomatic achievement, Israeli Prime Minister Jair Lapid said at the start of the special cabinet meeting in Jerusalem on Thursday. “It is not every day that a hostile country recognizes the State of Israel in a written agreement for the international community.” Officially, both countries are at war.
The agreements, signed separately by Israel and Lebanon, were due to be handed over to US mediator Amos Hochstein this afternoon by negotiating teams at a UN base in Nakura, southern Lebanon.
The agreement puts an end to a decades-long dispute between the two warring countries over a sea area off the coast. The dispute over the border in the Mediterranean had intensified after the discovery of large quantities of natural gas. The negotiations were brokered by the United States.
The government of Israel has approved the agreement on a maritime border between Israel and Lebanon.
Prime Minister Yair Lapid will soon hold a signing ceremony together with the Israeli negotiating team
— Prime Minister of Israel (@IsraeliPM) October 27, 2022
The agreement is intended to enable economically distressed Lebanon to develop the Kana offshore gas field. It is still unclear how much gas can actually be extracted there. The area around the Karish gas platform, northeast of the Israeli port city of Haifa, remains within Israeli sovereign territory. The country started gas extraction there on Wednesday.
The gas from Israel could also help alleviate the energy crisis in Europe. Since the Russian invasion of Ukraine, the EU has been increasingly looking for other gas suppliers. (cpf/sda/dpa)
Soource :Watson
I’m Ella Sammie, author specializing in the Technology sector. I have been writing for 24 Instatnt News since 2020, and am passionate about staying up to date with the latest developments in this ever-changing industry.
