Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Lebanon Turns To US To Settle Natural Gas Dispute With Israel

Israel and Lebanon have traded threats over the ownership of a potentially lucrative natural gas field in the Mediterranean.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

 

Tamar,    The Natural Gas Production Platform Off The Israeli Coast,    Is To Begin It's Natural Gas Production

 

The Lebanese media reported last week that the country’s speaker of its parliament, Nabih Berri, asked the American government to help it in its conflict with Israel over the disposition of natural gas reserves under the Mediterranean Sea. According to a report in Lebanon’s As-Safir newspaper, Berri made an official request on the matter directly to the US Secretary of State John Kerry when the latter visited Lebanon last Wednesday.

Berri said that Israel is “ignoring the fact that according to the maps the deposit extends into Lebanese waters.”

In response, Israeli Minister of National Infrastructures Uzi Landau stated, “We will not hesitate to use our force and strength to protect not only the rule of law but the international maritime law.”

The Lebanese, it seems, offered the Americans a future partnership in the exploitation of such natural gas deposits, as well as oil, as an incentive to take their side in the dispute.

The disagreement between Israel and Lebanon centers on claims made by both countries to sovereignty over a 530 square mile are in the Mediterranean near the land border between the two countries. The issue is the result of an ambiguity when it comes to marking international boundaries between nations outward and into a sea.

Robbie Sable, a professor of international law at Jerusalem’s Hebrew University, said that Lebanon’s claim is complicated because Lebanon’s border with Israel is indented, which makes it more difficult to establish where Israel’s waters end and Lebanese waters begin.

The disputed area is said to be rich in offshore gas and oil fields. Specifically, Lebanon claims sovereignty over a field called Block 9 which is almost 4 kilometers from Lebanon’s official territorial waters. Israel claims the same area as its own.

It is no wonder that the two nations both want to claim the field. It is said to hold as much as 123 trillion cubic feet of gas and 1.7 billion barrels of oil. Lebanon is not as wealthy as Israel and desperately needs the new source of income that the filed would provide to pay down its high foreign debt. Lebanese Energy Minister Gebran Bassi already announced Lebanon’s intention to begin drilling there this year.

Block 9 is near Israel’s Leviathan  gas field, located about 80 miles west of Haifa. Leviathan was discovered in 2010. Israel claimed this area, as well as the location of Block 9, and has declared it to be Israel’s exclusive economic zone.

In August 2010, Lebanon submitted to the United Nations its official position on its maritime border with Israel in which it indicated that Leviathan gas field is not in Lebanese territory, but this did not include other possible gas fields. At the time the American government expressed support for the Lebanon proposal.

The United States has attempted to mediate the dispute in the past, but with no success. For now, it has asked the Lebanese government to delay its drilling plans until a final settlement can be reached.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...