Israel and Lebanon have agreed to a US-brokered deal demarcating a disputed maritime border, officials from both sides said Tuesday, easing recent tensions between the longtime foes and opening the way for Israel to export gas to Europe.
The accord, which has been in the works for a decade, marks a rare instance of economic co-operation between the two countries, which have fought two major wars and don’t have diplomatic relations. Once signed, the agreement would allow Israel to quickly follow through on its commitment to sell gas to the EU, which is searching for new energy sources following Russia’s invasion of Ukraine and subsequent sanctions on Moscow.
“This is a historic achievement that will strengthen Israel’s security, bring billions into Israel’s economy and ensure stability on the northern border,” Israeli Prime Minister Yair Lapid said.
“The final version of the offer satisfies Lebanon, meets its demands, and preserves its rights to its natural wealth,” Lebanese President Michel Aoun said separately.
The leaders of both countries said they would still need approval from their governments before formally signing the deal, possibly later this month.
President Joe Biden called the leaders of both countries to congratulate them on the deal.
“The agreement announced by both governments today will provide for the development of energy fields for the benefit of both countries, setting the stage for a more stable and prosperous region, and harnessing vital new energy resources for the world,” Mr Biden said in a statement.
Read the article by Dov Lieber in The Australian (from The Wall Street Journal).