By TAREK ALI AHMAD -- Arabnews.com -- LONDON: Ten years after the US began its mediation efforts, Lebanon and Israel have finally reached an agreement delineating their maritime border in what pundits are describing as a “historic” moment. However, some observers are taking a more cautious view. “It’s at least 10 years overdue,” said Ambassador Frederic Hof, a former director of the Atlantic Council’s Rafik Hariri Center for the Middle East, who served as US mediator in 2012 under President Barack Obama. “We need to be cautious at this point. There is still an elongated ratification process in Israel. There is a question of whether, after the Nov. 1 elections, the deal would be sustained if there’s a change in government,” he told Arab News. “On the Lebanese side, there are a couple of questions. The obvious question is: Are there indeed marketable natural gas deposits under Lebanese waters? And, given the fact that there will not likely be any revenues for five years, will the Lebanese political system undergo some changes that would enable the Lebanese people to benefit from all of this?” The dispute goes back to 2012, when the two countries failed to reach an agreement over the location of their shared maritime border. Israel initially pushed for Line 1 (see map), while Lebanon favored Line 29.

Hof, who was the first US mediator appointed to the process, proposed a line that lay closer to the Israelis’ preferred option. In the end, however, the border that was agreed is Line 23, which is closer to Lebanon’s preferred boundary. At the heart of the dispute are two offshore natural gas fields: the untapped Qana field in Lebanon’s territorial waters and the Karish field in Israeli territory. The contested claims to the resources escalated in July when Hezbollah, the Lebanese Iran-backed militia, launched a drone attack on the Karish field. Israeli air defenses managed to shoot down all three drones before they reached their target. It is hoped this week’s border agreement will stave off similar incidents. According to leaked details of the deal, revenues from gas extracted from the Qana field will be split between Lebanon and French energy company Total, and 17 percent of Total’s revenues will go to Israel. Israel will continue to have exclusive rights to the Karish field. Although the deal settles the maritime border issue, it does not affect the yet-to-be recognized land border between the two countries, the so-called Blue Line that was demarcated in 2000 and is supervised by the UN Interim Force in Lebanon.

PUBLISHED BY THE LOWY INTERPRETER -- [By Rodger Shanahan] -- There has been little to cheer about of late in terms of positive developments towards peace in the Middle East. But this week, the news came from an unexpected source – relations between Lebanon and Israel. An agreement demarcating a maritime boundary between the two countries allows for the exploitation of gas and oil fields below the waters of the Mediterranean. A decade in the making, this important agreement, when ratified, holds the potential to lead Lebanon out of its economic misery. It also could establish a blueprint for negotiations that may lead to further reductions in tension between the two countries. It is right to treat the good news with some caution though. So many things could diminish the potentially positive outcomes contained in the agreement.

First, and perhaps most importantly, the agreement is by no means a panacea for Lebanon’s economic ills, which are so systemic that no potential windfall from Mediterranean oil and gas is likely to alleviate them. The degree to which servicing personal patronage networks, rather than pursuing the national interest, remains the focus of many Lebanese politicians is best illustrated by the government’s unwillingness to undertake the necessary reforms negotiated with the International Monetary Fund despite the country facing its worst economic crisis since the civil war.

Another reason for not bringing out the party whistles just yet is the fact that any potential windfall from offshore oil and gas deposits for Lebanon is both uncertain and, if viable, would be years away from realisation. And one of the potential gas fields (Qana Prospect) lies across the agreed maritime boundary (Line 23 in the map) and the remuneration for Israel’s share of the profits from the field will be decided between the commercial operator of the field (exploiting the field on behalf of the Lebanese government) and the Israeli government.

By Jamie Prentis -- thenationalnews.com -- Lebanon's parliament has failed for a second time to elect the country's next president, with not enough MPs present to reach the quorum. Speaker Nabih Berri adjourned the house until October 20, less than two weeks before the term of incumbent Michel Aoun expires. With a consensus candidate yet to emerge, the prospect of a presidential vacuum looms. An attendance of two thirds — or 86 MPs ― in the 128-seat Parliament is required to meet the quorum. But only 71 were present in the deeply divided chamber on Thursday. Lebanese Parliament fails to elect new president in first round of voting

This is the second time that MPs have failed to elect Lebanon's next head of state after no clear winner emerged during a vote at an initial session on September 29. On that day, MP Michel Moawad, whose father Rene served as president for 18 days in 1989 before being assassinated, received the most votes, with 36. He was mainly backed by a grouping of MPs who are critical of Iran-backed Hezbollah, the armed group and political party that has significant sway in Lebanon. “We are ready at any time to elect a president but it is clear today that several parties are not ready for the presidential election because of differences,” said Georges Adwan, a senior MP in the Lebanese Forces party.

The LF, a staunch critic of Hezbollah, supported Mr Moawad in the last round. In the first polling round, a two-thirds majority is required to win. But only an absolute majority is needed in subsequent votes. The failure to find a successor to Mr Aoun, 89, in the first two rounds was not unexpected and has precedent — it took 46 sessions and 29 months for parliament to elect the former army commander in 2016.

By Daniel Stewart - msn.com -- Lebanese President Michel Aoun confirmed Thursday in an address to the nation that Beirut has approved the agreement reached Tuesday with Israeli authorities to demarcate their common maritime border, a pact he called "historic". "This indirect agreement responds to Lebanese demands and preserves our rights in their entirety", Aoun assured after accepting the conditions set by the last proposal of the American mediator, Amos Hochstein. He stressed that this pact between the two nations, which he described as a "historic achievement", has stipulated "how to resolve any future disputes", while assuring that the country's land borders "have not been touched".

Hezbollah leader says will back maritime border agreement Aoun explained that Lebanon has preserved "an area of 860 square kilometers" without ceding "any kilometer to Israel". "No normalization was reached with Israel, no direct talks or agreements were concluded," he added, as reported by the Lebanon 24 news portal. The day before, the Israeli government also approved the provisions of the agreement with an "overwhelming majority", as announced in a statement, in which it assured that it would go before Parliament to give it a final 'yes'. The pact recognizes the border set with buoys by Israel, allowing Lebanon to enjoy exploitation of the area north of Line 23, including the Qana field. Israel would retain control of Karish and has said it could start work in the area, amid threats to do so by the Lebanese Shiite militia-party Hezbollah.