US EditionLebanon and Cyprus Sign Historic Maritime Border Agreement Ending 20-Year Stalemate
The deal ends a nearly 20-year delay and could unlock gas resources amid Lebanon’s economic crisis and Cyprus’s role in diversifying European energy supplies, officials said.
- On Wednesday, Lebanon and Cyprus signed a maritime demarcation deal at the Baabda presidential palace, ending an almost 20-year impasse and paving the way for offshore gas exploration and energy cooperation.
- Longstanding maritime disputes and domestic political crises delayed progress, and mediation efforts, including a U.S.-brokered 2022 deal, helped unlock Lebanon's earlier blocked ratification of the 2007 preliminary mapping.
- There have been no commercially viable finds so far, and Lebanon hopes offshore exploration could generate resources and state revenues after the 2019 financial collapse; Lebanese Energy Minister Joseph Saddi visited Cyprus last month following cabinet endorsement.
- Cyprus is positioned to widen its hydrocarbon search, helping European countries reduce reliance on Russian gas as some of the 20 trillion cubic feet could reach markets by 2027.
- Syria remains the final unresolved maritime neighbour, and Lebanon faces near-daily Israeli strikes and domestic divisions tied to Hezbollah that hinder regional ties with Gulf countries.
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"Turkey, together with the TRNC, will continue to resolutely defend the rights and interests of Turkish Cypriots," says the Turkish Foreign Ministry spokesperson.
Lebanon, Cyprus Sign Deal Mapping Offshore Gas Zone
Lebanon and Cyprus have signed a maritime demarcation deal, paving the way for energy cooperation between the two countries, including exploration of offshore gas fields in the Mediterranean. The deal was signed at Lebanon's presidential palace on Wednesday, with Cypriot President Nikos ...
Lebanon, Cyprus sign historic maritime demarcation agreement
Lebanon and Cyprus on Wednesday signed a historic maritime boundary demarcation agreement, ending nearly two decades of deadlock that had hindered oil and gas exploration in the eastern Mediterranean.The agreement was signed at the Baabda presidential
Lebanon, Cyprus sign long-awaited maritime demarcation deal
Lebanon and Cyprus signed a long-awaited maritime demarcation deal on Wednesday, paving the way for potential exploration of offshore gas fields and energy cooperation in the Mediterranean. Lebanese President Joseph Aoun and Cypriot President Nikos Christodoulides signed the agreement at Lebanon's presidential palace in Baabda, telling reporters it would signal deeper cooperation between Lebanon, European Union-member Cyprus and the broader EU. …
Lebanon, Cyprus sign maritime demarcation deal, paving way for possible energy exploration
Lebanon and Israel delineated their maritime borders in 2022 under a U.S.-brokered deal, and Syria is the final country with which Lebanon has yet to delineate its sea border. Lebanon hopes offshore gas and oil discoveries could help reverse a 2019 financial collapse
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