Israel on Sunday praised a US proposal to resolve the country's maritime border dispute with Lebanon, building further momentum towards an agreement between two nations still technically at war.

The draft agreement floated by US envoy Amos Hochstein aims to settle competing claims over offshore gas fields and was delivered to Lebanese and Israeli officials at the weekend.

Lebanese authorities, who confirmed receipt of the terms on Saturday, have pledged to deliver a reply "as quickly as possible," following a flurry of recent announcements from Beirut that a deal with Israel was close.

Israeli Prime Minister Yair Lapid told his cabinet on Sunday that the US proposal "strengthens Israel's security and Israel's economy."

His government was "discussing the final details, so it is not yet possible to praise a done deal," Lapid said.

"However, as we have demanded from the start, the proposal safeguards Israel's full security-diplomatic interests, as well as our economic interests."

Lebanon and Israel have no diplomatic relations and their land border is patrolled by the United Nations.

They reopened negotiations on their maritime border in 2020, but the process was stalled by Lebanon's demand that the map used by the United Nations in the talks be modified.

Progress resumed after Lebanon appeared to modify its position, specifically concerning the Karish field, which Israel claims as its territory and not open to negotiation.

The head of the powerful Lebanese Shiite movement Hezbollah, Hasan Nasrallah, had threatened Israel with attacks if it began production from Karish.

But Nasrallah on Saturday called the US proposal "a very important step."

- Netanyahu objects -

Lapid said Israel had been seeking an agreement with Lebanon "for over a decade."

He added that his government does "not oppose the development of an additional Lebanese gas field, from which we will of course receive the share we deserve," in an apparent reference to the Qana field, which could be subject to a revenue sharing mechanism under the US proposal.

Lapid said the Hochstein proposal will be submitted for final approval following a legal review.

Progress towards the deal comes before Israel's November 1 election, its fifth vote in less than four years.

Former premier Benjamin Netanyahu, a staunch foreign policy hawk seeking a return to power, took to social media moments after Lapid's statement emerged, warning that the right-wing government he intends to form after the vote could undo any pact.

"If this illegal ploy passes, it won't oblige us," Netanyahu said.

Netanyahu accused Lapid of "giving Hezbollah sovereign Israeli territory with a huge gas field that belongs" to the Jewish state, without specifying which Israeli waters he believes are being surrendered.

Israel and Hezbollah fought a 34-day war in 2006. Netanyahu said Lapid had "shamefully capitulated to Nasrallah's threats."

Lapid shot back, accusing Netanyahu of making "irresponsible announcements" that undermine Israel's "security interests."

Defence Minister Benny Gantz, who also aspires to be elected prime minister in less than a month, said Netanyahu's criticism was uninformed and dangerous.

"I'd suggest that Netanyahu... requests an orderly update on the topic before he adds fuel to Nasrallah's propaganda, which has endangered and still endangers the agreement," Gantz said in a statement.

Gantz also said that the agreement, were it finalised, would be presented to parliament and relayed to the Israeli public.

It was not yet clear whether such an agreement would need the approval of parliament, where Lapid does not have a majority.

The justice ministry said late Sunday it was still examining the agreement and legal issues accompanying it.

Related Links
All About Oil and Gas News at OilGasDaily.com

Tweet

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

Iraq's young covet govt jobs in headache for economy
Baghdad (AFP) Oct 2, 2022
Decent salaries and stability are the hallmarks of a job in Iraq's civil service, an institution much coveted by young graduates, even as it starves the private sector and hobbles the economy. The patronage systems that feed the public sector in the oil-rich but war-battered nation are so entrenched that even the outgoing finance minister has despaired of ever trimming them down to size. "We want work!" It's a refrain that fresh graduates chant each year on the streets of the southern city o ... read more