Israel upbeat on draft Lebanese demarcation deal, sees gas profit-sharing

Israel upbeat on draft Lebanese demarcation deal, sees gas profit-sharing

by Reuters News Service
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Israel gave its preliminary nod on Sunday to a draft U.S.-brokered deal demarcating a maritime border with Lebanon that may lead to profit-sharing in a disputed Mediterranean gas prospect.

Hoping to defuse one source of conflict between the enemy countries and prod them toward accommodation, U.S. envoy Amos Hochstein last week submitted a new proposal that would pave the way for offshore energy exploration.

After years of stop-start shuttle diplomacy, agreement seems closer than ever. As Beirut mulls the 10-page draft โ€“ details of which have been kept under wraps โ€“ the Iran-backed Hezbollah movement called it โ€œa very important stepโ€ on Saturday while Parliament Speaker Nabih Berri, a powerful Hezbollah ally, deemed it โ€œpositiveโ€.

Israeli approval of the draft awaited legal review, Prime Minister Yair Lapid told his cabinet at its weekly session.

โ€œBut,โ€ he said in televised remarks, โ€œjust as we insisted from day one, the proposal fully preserves Israelโ€™s national security interests, as well as our economic interestsโ€.

Lapid appeared to float an arrangement whereby gas would be produced by a company under a Lebanese license in the disputed Qana prospect, with Israel receiving a share of revenues.

โ€œWe have no opposition to an additional Lebanese gas field being developed, from which we would of course receive royalties due us,โ€ he said. โ€œSuch a field would weaken Lebanese dependency on Iran, restrain Hezbollah and bring regional stability.โ€

The centrist Lapid heads a caretaker government ahead of a Nov 1 election. His challenger, conservative ex-Prime Minister Benjamin Netanyahu, has argued the Lebanese deal could benefit Hezbollah, and accused Lapid of evading parliamentary scrutiny.

Hinting he might overturn the deal if re-elected, Netanyahu tweeted on Sunday: โ€œWe will not be bound by this fait accompli.โ€

Gideon Saar, Lapidโ€™s justice minister, acknowledged such deals would generally be brought before the Knesset. However, Saar told Kan radio, โ€œthere are exceptional cases where โ€“ and this requires the agreement of the justice minister โ€“ there is exemption from the mandatory submissionโ€.

Hezbollah fought Israel in a 2006 war and remains hostile to Lebanonโ€™s southern neighbour. But with the Lebanese economy in deepening distress, Hezbollah has pledged to abide by whatever Beirut agrees to in the indirect talks.

โ€œWe support the Lebanese position, so that we safeguard our right to demarcate our maritime borders and invest in our gas,โ€ Lebanonโ€™s National News Agency quoted senior Hezbollah official Mohammad Raad as saying.

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