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Lebanon Analysis of Israel Highlights Rewards, Risks

The Israeli elections hint at potential for cooperation in the gas sector but also problems, writes Nasser Chararah.
Lebanese Finance Minister Mohammed Safadi (C) tours the stands displayed at an exhibition at the Lebanon International Oil and Gas Summit in Beirut December 3, 2012.    REUTERS/Mohamed Azakir (LEBANON - Tags: ENERGY BUSINESS POLITICS)
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Lebanon is monitoring the January Israeli elections and results from a new and largely unprecedented standpoint. In the past, it had focused primarily on whether the new Israeli government would tout a peaceful or bellicose agenda, in order to gauge the likelihood of a new military offensive against Lebanon. This consideration, however, no longer takes priority, despite the fact that such a fear could still become a reality. Instead, other considerations have emerged.

In response to the question of why Lebanon’s stance has shifted, a source from the Lebanese Ministry of Foreign Affairs cited two driving factors: a UN resolution  supporting the stability of Lebanon and the fact that the resolution is bound to the all-important issue of the two countries jointly creating a safe working environment for international companies to explore the offshore gas deposits overlapping their maritime border. 

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