Israeli Prime Minister Yair Lapid confirmed that Israel will on sign a “historic” sea border demarcation agreement with Lebanon this Thursday.
“On Thursday, we are going to sign a historic agreement with Lebanon,” the Israeli premier told his visiting Dutch counterpart Mark Rutte. A move set to unlock production at Mediterranean gas fields.
Lapid said he intended on bringing the deal to the cabinet on Thursday for a vote.
“Israel will become in the near future a major supplier of gas to Europe,” Lapid told Rutte in a meeting on energy cooperation between Israel and Europe, in remarks relayed by Lapid’s office.
Under the deal, Israel has full rights over the Karish gas field, which is expected to start gas production imminently.
Lebanon will have full rights to operate and explore the Qana reservoir, parts of which allegedly fall in Israel’s territorial waters, with Israel receiving some revenues.