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Home News Middle East

Lebanon, Israel begin indirect talks over maritime border

Beirut hopes that oil and gas discoveries in its territorial waters will help it overcome the crisis and pay back its massive debt that stands at 170% of the GDP, making it one of the highest in the world.

by  AP and ILH Staff
Published on  10-14-2020 16:39
Last modified: 10-14-2020 16:41
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Lebanon and Israel began indirect talks Wednesday over their disputed maritime border, with American officials mediating the talks that both sides insist are purely technical and not a sign of any normalization of ties.

The US has been mediating the issue for about a decade, but only earlier this month was a breakthrough reached on an agreement for a framework for US-mediated talks.

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The development comes against the backdrop of Lebanon's spiraling economic crisis, the worst in its modern history, and following a wave of US sanctions that recently included two influential former Cabinet ministers allied with the militant Hezbollah group. Israel, the United States, as well as some other Western and Arab countries consider the Iran-allied Hezbollah a terrorist organization.

Beirut hopes that oil and gas discoveries in its territorial waters will help it overcome the crisis and pay back its massive debt that stands at 170% of the GDP, making it one of the highest in the world.

Israel already has developed a natural gas industry elsewhere in its economic waters, producing enough gas for domestic consumption and to export to neighboring Egypt and Jordan.

The US-mediated talks began at a UN post along the border known as Ras Naqoura on the edge of the Lebanese border town of Naqoura. The Lebanese delegation will speak through U.N. and U.S. officials to the Israelis.

The meeting took place in an outdoor camp setting because of the coronavirus. Lebanon and Israel have been hit hard by the virus, and both have reported thousands of new cases in recent days.

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