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Israel Fast Tracks Historic Maritime Border Deal

NATURAL GAS

Israel’s cabinet endorsed a deal today delineating a maritime border with Lebanon designed to open the region for gas production. It enters a two-week parliamentary review before it goes into force.

  • The border will take effect once Lebanon and Israel send letters to Washington, which will issue a notice announcing the deal is in place.
  • On the day the deal is agreed, Lebanon and Israel will simultaneously send identical coordinates to the United Nations laying out the boundary's location.
  • TotalEnergies is set to begin exploration at the Qana prospect immediately after the deal takes effect. Earlier moves for them to do so had stoked tensions around the deal.
Energy BulletsCommodities
Energy BulletsCommodities

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