Israel and Lebanon have reached an agreement demarcating a contentious maritime border between the two countries. The deal would settle a territorial dispute in the eastern Mediterranean Sea in an area where Lebanon intends to conduct natural gas exploration and close to waters where Israel has discovered significant quantities of hydrocarbons. TotalEnergies is expected to explore the Qana gas field in Lebanese waters as soon as the agreement is signed.
Earlier in October 2022, Energean has started testing the pipeline linking the Karish gas field, which has estimated reserves of 1.41 tcf (40 bcm), to the Israeli coast. The company is developing the field using a floating production storage and offloading (FPSO) with a gas treatment capacity of 800 mcf/d (8 bcm/year).