Lebanon Says to Take Novatek’s 20% Share in Oil and Gas Consortium

A base for United Nations peacekeepers of the UN Interim Force in Lebanon (UNIFIL), in Naqoura near the Lebanese-Israeli border, southern Lebanon, Nov. 11, 2020. (Reuters)
A base for United Nations peacekeepers of the UN Interim Force in Lebanon (UNIFIL), in Naqoura near the Lebanese-Israeli border, southern Lebanon, Nov. 11, 2020. (Reuters)
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Lebanon Says to Take Novatek’s 20% Share in Oil and Gas Consortium

A base for United Nations peacekeepers of the UN Interim Force in Lebanon (UNIFIL), in Naqoura near the Lebanese-Israeli border, southern Lebanon, Nov. 11, 2020. (Reuters)
A base for United Nations peacekeepers of the UN Interim Force in Lebanon (UNIFIL), in Naqoura near the Lebanese-Israeli border, southern Lebanon, Nov. 11, 2020. (Reuters)

Lebanon said on Monday it will take over Novatek's 20% share in a consortium licensed to explore two offshore oil and gas blocs after the Russian gas giant decided to quit.

The energy ministry said in a statement it had taken the decision to enter the consortium instead of Novatek and had asked it to waive its share in favor of the Lebanese state.

Novatek did not respond to a request for comment.

In August, the ministry said it had been told of a decision by Novatek to withdraw from the consortium, which is led by France's TotalEnergies and includes Italy's Eni.

The consortium in 2020 completed exploratory drilling in Lebanon's offshore Bloc 4 off the coast of Beirut and said it had not found a commercially viable amount of hydrocarbons.

It decided to postpone drilling in southern Bloc 9 in 2020, citing the COVID-19 pandemic.

Lebanon's second licensing round, initially approved in April 2019 in just two blocs, has been extended several times and increased to cover all eight remaining offshore blocs.

Laury Haytayan, a Lebanese oil and gas expert, said the country's three-year financial crisis raised questions about whether the cash-strapped state had the capacity to participate.

"It's important to understood if there are any financial commitments on the Lebanese state and how they are going to fulfil these commitments considering the financial situation in the country," Haytayan said.



Israel, Hamas Poised for Third Hostage-prisoner Exchange

An Israeli police officer looks on as a Red Cross vehicle is seen near the Israeli military prison, Ofer, on the day Israel releases Palestinian prisoners as part of a hostages-prisoners swap and a ceasefire deal in Gaza between Hamas and Israel, near Ramallah in the Israeli-occupied West Bank, January 19, 2025. (Reuters)
An Israeli police officer looks on as a Red Cross vehicle is seen near the Israeli military prison, Ofer, on the day Israel releases Palestinian prisoners as part of a hostages-prisoners swap and a ceasefire deal in Gaza between Hamas and Israel, near Ramallah in the Israeli-occupied West Bank, January 19, 2025. (Reuters)
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Israel, Hamas Poised for Third Hostage-prisoner Exchange

An Israeli police officer looks on as a Red Cross vehicle is seen near the Israeli military prison, Ofer, on the day Israel releases Palestinian prisoners as part of a hostages-prisoners swap and a ceasefire deal in Gaza between Hamas and Israel, near Ramallah in the Israeli-occupied West Bank, January 19, 2025. (Reuters)
An Israeli police officer looks on as a Red Cross vehicle is seen near the Israeli military prison, Ofer, on the day Israel releases Palestinian prisoners as part of a hostages-prisoners swap and a ceasefire deal in Gaza between Hamas and Israel, near Ramallah in the Israeli-occupied West Bank, January 19, 2025. (Reuters)

Israel and Hamas were set to carry out their third hostage-prisoner exchange on Thursday, with three Israelis and five Thai captives slated for release as part of a ceasefire deal aimed at ending the Gaza war.

A fourth exchange is scheduled for the weekend, but Hamas accused Israel on Wednesday of jeopardizing the deal by holding up aid deliveries, an allegation Israel dismissed as "fake news".

The office of Prime Minister Benjamin Netanyahu identified the three Israelis to be released Thursday as Arbel Yehud, Agam Berger and Gadi Moses, adding that five Thai citizens held in Gaza would also be freed.

In a statement Wednesday evening, the Moses family said it had "received with great excitement the wonderful news of our beloved Gadi's return".

The ceasefire that took effect on January 19 hinges on the release of Israeli hostages taken during Hamas's October 7, 2023 attack, in exchange for 1,900 people -- mostly Palestinians -- being held in Israeli custody.

Hamas has so far released seven hostages, with 290 prisoners freed in exchange.

Israel is to release 110 prisoners, 30 of them minors, in exchange for the three Israelis to be released on Thursday, the Palestinian Prisoners' Club advocacy group said.

The next swap on Saturday will see three Israeli men released, according to Netanyahu's office.

Aid trucks

The truce deal has allowed truckloads of aid into the devastated Gaza Strip, where the war has created a long-running humanitarian crisis.

But two senior Hamas officials accused Israel of slowing down aid deliveries, with one citing items key to Gaza's recovery such as fuel, tents, heavy machinery and other equipment.

"According to the agreement, these materials were supposed to enter during the first week of the ceasefire," one official said.

"We warn that continued delays and failure to address these points will affect the natural progression of the agreement, including the prisoner exchange."

Israel hit back at the accusation, with a spokesman for COGAT, the Israeli defense ministry body that oversees civilian affairs in the Palestinian territories, calling it "totally fake news".

Between Sunday and 1100 GMT on Wednesday, "3,000 trucks entered Gaza", the spokesman said.

"The agreement says it should be 4,200 in seven days," he added.

As the text of the agreement -- mediated by Qatar, Egypt and the United States -- between the warring parties has not been made public, AFP was not able to verify its terms on aid.

Both Hamas officials said representatives of the group had raised the issue during a meeting with Egyptian officials in Cairo on Wednesday.

Forced displacement an 'injustice'

The ceasefire deal is currently in its first 42-day phase, which should see 33 hostages freed.

Next, the parties are due to start discussing a long-term end to the war.

The third and final phase of the deal should see the reconstruction of Gaza as well as the return of the bodies of any remaining dead hostages.

US President Donald Trump has repeatedly claimed credit for sealing the agreement despite it taking effect just ahead of his inauguration, and his Middle East envoy Steve Witkoff, who took part in the talks, met with Netanyahu in Israel on Wednesday

Trump has invited Netanyahu to the White House on February 4, according to the premier's office.

After the truce took effect, Trump touted a plan to "clean out" the Gaza Strip, calling for Palestinians to relocate to neighboring countries such as Egypt or Jordan.

The idea has faced strong backlash from both countries, as well as from European governments.

Egyptian President Abdel Fattah al-Sisi said Wednesday that the forced displacement of Palestinians was an "injustice that we cannot take part in".

Jordan's King Abdullah II, meanwhile, stressed "the need to keep the Palestinians on their land and to guarantee their legitimate rights, in accordance with the Israeli and Palestinian two-state solution".

More than 376,000 displaced Palestinians have gone back to northern Gaza since Israel reopened access earlier this week, according to the UN humanitarian office OCHA, with many returning to little more than rubble.

"My house is destroyed," 33-year-old Mohammed Al-Faleh told AFP. "This morning, we built a small room with two walls made from the remains of our home. There is no cement, so I used mud.

"We are facing great difficulties," he added. "The biggest problem is that there is no water -- all the water wells are destroyed. Food aid is reaching Gaza... but there is no gas or electricity. We bake bread on a fire fueled by wood and nylon."