Lebanon, Cyprus sign maritime demarcation deal, paving way for possible energy exploration
Lebanon hopes offshore gas and oil discoveries could help generate state revenues and economic activity to reverse a 2019 financial collapse that worsened longstanding power shortages
November 26, 2025 10:49
BEIRUT/NICOSIA: Lebanon and Cyprus signed a long-awaited maritime demarcation deal on Wednesday, paving the way for potential exploration of offshore gas fields and energy cooperation in the Mediterranean.
Lebanese President Joseph Aoun and Cypriot President Nikos Christodoulides signed the agreement at Lebanon’s presidential palace and told reporters it would signal deeper cooperation between Lebanon, European Union-member Cyprus and the broader EU.
