News

In the next few days Israel will submit to the United Nations its
take on where its maritime economic border with Lebanon should be, as
the two countries scramble for gas reserves estimated to be worth
billions of dollars.

Israel's position is due to be approved by
the cabinet on Sunday; Jerusalem argues that Lebanon's proposal includes
major areas belonging to Israel.

Last August, Lebanon submitted to the United Nations its version of
where the maritime border should be - the exclusive economic zone. In
November, it submitted its version of its western border, with Cyprus.

The Lebanese proposal does not include the
large Tamar and Leviathan gas prospects, operated by Delek Energy and
U.S. company Noble Energy. But the National Infrastructure Ministry
found that the proposal contains reserves with a potential value in the
billions of dollars.