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Lebanon is preparing to offer a compromise to U.S. energy envoy Amos Hochstein to resolve a dispute with Israel over maritime gas resources, three Lebanese officials with knowledge of the negotiations told Reuters.
Hochstein landed in Beirut on Monday at the invitation of the Lebanese government, which had objected to the arrival of a vessel operated by London-based Energean (ENOG.L) off the Mediterranean coast on June 5 to develop a gas field known as Karish.
Israel says Karish is part of its exclusive economic zone, but Lebanon says the field is in contested waters and should not be developed until the two countries conclude their indirect talks to delineate their maritime borders.