Home Investing News Israel warm to draft Lebanese demarcation deal, sees gas profit-sharing

Israel warm to draft Lebanese demarcation deal, sees gas profit-sharing

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Lapid says draft Lebanese maritime border deal guards Israel’s interests By Reuters

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(C) Reuters. Prime Minister of Israel Yair Lapid addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 22, 2022. REUTERS/Mike Segar

JERUSALEM (Reuters) – Israeli Prime Minister Yair Lapid gave a preliminary nod on Sunday to a draft U.S.-brokered deal demarcating a maritime border with Lebanon, telling his cabinet the proposal would fully safeguard Israel’s security and commercial interests.

Lapid also voiced openness to Lebanon producing natural gas in a disputed Mediterrean field if Israel got royalties from it.

Israeli approval of the draft would await legal consulations, Lapid said. The draft is also being studied in Lebanon.

Lapid says draft Lebanese maritime border deal guards Israel’s interests

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