Israel, Lebanon Inch Closer to a Gas Deal

Published October 11th, 2022 - 06:19 GMT
gas deal
A sign written in Hebrew, English and Arabic designating a military area, stands overlooking the Mediterranean Sea in Israel's Rosh Hanikra, at the border between Lebanon and Israel, on October 7, 2022.(Photo by JALAA MAREY / AFP)

President Michel Aoun on Monday said he hopes for a gas deal with Israel to be reached within the "next few days."

"The indirect negotiations overseen by U.S. mediator Amos Hochstein have made major progress and the gaps that were negotiated last week have narrowed," Aoun added, in a meeting with Armenian Catholic Patriarch Raphaël Bedros XXI Minassian.

The President added that reaching an agreement would launch oil and gas exploration in Lebanon's Exclusive Economic Zone, which "would give a new impetus for the economic revival process."

This article has been adapted from its original source.

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