Lebanon says secured 'full rights' on sea border with Israel

Lebanon has secured its "full rights" in the latest text drafted by US mediators to demarcate the maritime border with Israel, its lead negotiator said, after Israel said it met its terms too.

"Lebanon has obtained its full rights, and all of its remarks have been taken into account," said lead negotiator Elias Bou Saab, the deputy speaker of parliament, after handing the draft to President Michel Aoun.

"Today we have come to a solution that satisfies both parties."

Israel had said that it was close to a "historic" deal with Lebanon and the US draft met its "demands".

The welcome for the text on both sides of the border has raised hopes that years of negotiations have finally borne fruit, allowing cash-strapped Lebanon to develop potentially lucrative offshore gas reserves.

Bou Saab said he hoped an agreement could be signed before Aoun's term of office ends on October 31.

Lebanon and Israel are officially at war and their land border is patrolled by UN peacekeepers.

They reopened negotiations on their maritime border in 2020, but the process was stalled by Lebanon's demand that the map used by the United Nations in the talks be modified.

The negotiations resumed in early June after Israel moved a production vessel near the Karish offshore field.

Bou Saab said Lebanon will "get its full rights from the Qana field", and Israel might receive compensation through TotalEnergies. There will be no direct partnership in gas exploration or exploitation between the two enemy states, he said.