Lebanon & Cyprus Sign Energy Deal
Update: 2025-11-26
Description
Lebanon and Cyprus ink maritime border deal, paving way for energy cooperation and potential gas field exploration in the Mediterranean Sea. The Levant Basin, shared by both countries and others, holds significant hydrocarbon deposits. Cyprus, with its own successful exploration efforts, could see its gas reserves boosted by the discovery of new reservoirs like Pegasus-One and Cronos. The deal signals deeper cooperation not just between Cyprus and Lebanon, but also with the European Union.
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