Israel Lebanon Gas Field Deal Reduces War Threats Between Neighbours
Israel and Lebanon have signed an historic agreement setting their borders in the Mediterranean Sea.
The agreement covers 860 square kilometers of sea off their coasts.
Until now, neither country has been able to exploit the area’s natural resources because of a disagreement over where the boundary lay
The neighbours, which have technically been in a state of war since Israel’s founding in 1948, had been in a dispute over rights to a gas field there.
The disputed patch contains part of Karish, a confirmed gas field, and part of Qana, a prospective gas field.
Under the US-brokered deal, Israel secured full rights to Karish, while Lebanon’s rights to Qana were also recognized.