Hochstein Is Visiting Beirut Next Week To Submit The US-Signed Demarcation Proposal

SBI

U.S. energy mediator Amos Hochstein will visit Beirut next week to submit a U.S.-signed demarcation proposal, Deputy Speaker Elias Bou Saab said.

Last week, Lebanon agreed on the terms of the U.S.-mediated deal over a maritime border dispute involving offshore gas fields.

Bou Saab said that Hochstein will submit the proposal signed by the U.S. government.

As soon as the U.S. sends a notice confirming it has received from Lebanon and Israel their separate approvals, the demarcation deal will go into force.

Lebanon and Israel will then deposit maritime border coordinates with the United Nations in a move that will override 2011 submissions by both countries.

Hochstein had said that he is also working on finalizing a deal that would provide gas and electricity to Lebanon from Egypt and Jordan via Syria.

“We are going to work with the World Bank and Treasury Department to make sure that it first doesn’t affect any sanctions, which I think we are okay on, but we will have to have a determination formally,” Hochstein added.

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Hochstein Is Visiting Beirut Next Week To Submit The US-Signed Demarcation Proposal

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