Israel announced that it’s ready to make concessions over the delimitation of territorial maritime borders with Lebanon, as reported by Saudi media Al-Hadath.
“We’re willing to offer concessions over the gas agreement with Lebanon, but that won’t be at the expense of our security,” Senior Israeli Security sources declared.
The Lebanese-Israeli negotiation over the delimitation of the territorial water area started one year ago and generated much attention as the maritime area is loaded with oil and gas.
Israel signed a contract in September with American company Halliburton to drill gas in this area, which upset Lebanon, and Hezbollah‘s Nassrallah warned them not to do any move before an agreement is reached between the two parts.
“We don’t fear Hezbollah‘s military power and, if it decides to attack us, it will pay a hefty price along with Lebanon,” the Israeli official warned.
The indirect negotiations between the two parties, which are technically still in a state of war, are mediated by the US.
US envoy Amos Hochstein traveled last month to Beirut, hoping to revive the negotiation, which is struggling with no concrete progress made as of yet.