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Reuters
Reuters
World
By Dan Williams

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

Israeli Prime Minister Yair Lapid makes an opening statement as he chairs the weekly cabinet meeting in Jerusalem, Sunday, October 2, 2022. Maya Alleruzzo/Pool via REUTERS

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 hostile 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.

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