Israel rejects Lebanese amendments to draft gas agreement

Despite Hezbolla's threats, the Israeli government is staying the course and asserting its rights to exploit Karish in its territorial waters.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Israel on Thursday rejected Lebanon’s amendments to a draft agreement aimed at delineating the maritime border between the two countries and thus facilitating the exploitation of offshore gas fields, a senior Israeli official said.
“Prime Minister Yair Lapid has been informed of the significant changes Lebanon is seeking to make to the agreement and has asked his negotiating team to reject them,” a senior Israeli official told AFP
requesting anonymity.

Lebanon on Tuesday submitted its response to a U.S. proposal to settle its maritime border dispute with Israel, which should allow the two countries to move forward with the development of large gas fields in the eastern Mediterranean.

Lebanese leaders had met the day before to work out a unified response to the US proposal, the content of which was not made public, and expressed confidence that an agreement would be reached soon, echoing similar optimism in recent days on the part of the Jewish state.

The proposal of the American mediator on the demarcation of the maritime border between Lebanon and Israel “protects” and “strengthens” the interests of the Hebrew state, said Sunday the Israeli Prime Minister Yair Lapid, who, in the midst of the campaign for the parliamentary elections of November 1, is the subject of strong criticism from the opposition, led by Benjamin Netanyahu, on this draft agreement.

The latter, who seeks to return to the head of the Israeli government, accused Mr. Lapid of “giving” a “sovereign territory of Israel” to the Lebanese Hezbollah, sworn enemy of the Hebrew state.

According to Israeli officials, the agreement provides that the offshore Karish field will remain in Israel and the Qana reserves will be granted to Lebanon but that the Hebrew state will receive a portion of the gas revenues.

Israel, which did not detail on Thursday the Lebanese amendments that pose a problem for it, maintains that it will exploit the Karish deposit, even in the absence of an agreement on its maritime border with Lebanon and despite threats in this sense from Hezbollah.

“Israel will produce gas from the Karish field as soon as it is possible to do so. If Hezbollah or anyone else tries to damage Karish or threatens us, negotiations on the maritime border will cease immediately,” the senior Israeli official said, shortly before a meeting of Lapid’s security cabinet on the thorny issue.

Manila plans to expand gas and renewable energy production to meet a 6.6% increase in electricity demand over the next two years.
Ottawa and London increased bilateral exchanges to structure strategic cooperation on nuclear energy and critical minerals supply chains, as part of Canada’s G7 presidency.
Donald Trump says he secured Narendra Modi’s commitment to end Russian oil imports, adding political pressure to India-Russia trade relations.
Under intense diplomatic pressure from Washington, member states of the International Maritime Organization agreed to postpone by one year the adoption of a carbon pricing mechanism for global maritime transport.
Washington confirms it has mandated the CIA to carry out secret actions against Nicolas Maduro’s government, escalating tensions between the United States and Venezuela amid geostrategic and energy stakes.
Two European Parliament committees propose to advance the full halt of Russian hydrocarbon imports to 2026 and 2027, including oil, gas, and LNG, strengthening the European Union’s geopolitical position.
The COP30 conference hosted in the Amazon by Brazil faces low participation from global leaders, amid geopolitical tensions and major logistical challenges.
The United States has granted Trinidad and Tobago a special licence to resume negotiations with Venezuela on the Dragon gas field, partially lifting restrictions imposed on the Venezuelan energy sector.
Ambassadors of European Union member states have approved the transmission of a legislative proposal to phase out Russian fossil fuel imports by January 2028 to the Council of Ministers.
The State Duma has approved Russia’s formal withdrawal from a treaty signed with the United States on the elimination of military-grade plutonium, ending over two decades of strategic nuclear cooperation.
Polish Prime Minister Donald Tusk said it was not in Poland’s interest to extradite to Germany a Ukrainian citizen suspected of taking part in the explosions that damaged the Nord Stream gas pipelines in 2022.
Al-Harfi and SCLCO signed agreements with Syrian authorities to develop solar and wind capacity, amid an ongoing energy rapprochement between Riyadh and Damascus.
Faced with risks to Middle Eastern supply chains, Thai and Japanese refiners are turning to US crude, backed by tariff incentives and strategies aligned with ongoing bilateral trade discussions.
France intercepted a tanker linked to Russian exports, prompting Emmanuel Macron to call for a coordinated European response to hinder vessels bypassing oil sanctions.
The activation of the snapback mechanism reinstates all UN sanctions on Iran, directly affecting the defence, financial and maritime trade sectors.
Commissioner Dan Jørgensen visits Greenland to expand energy ties with the European Union, amid plans to double EU funding for the 2028–2034 period.
European and Iranian foreign ministers meet in New York to try to prevent the reinstatement of UN sanctions linked to Tehran’s nuclear programme.
Canadian Prime Minister Mark Carney announces a bilateral agreement with Mexico including targeted investments in energy corridors, logistics infrastructure and cross-border security.
The US president has called for an immediate end to Russian oil imports by NATO countries, denouncing a strategic contradiction as sanctions against Moscow are being considered.
Tehran withdrew a resolution denouncing attacks on its nuclear facilities, citing US pressure on IAEA members who feared suspension of Washington’s voluntary contributions.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.