◾The focus of the most recent rift between Israel and Lebanon is an offshore field called Karish. ◾While Lebanon has yet to make a commercial find of gas in its waters, Israel is already producing from a couple of giant fields. ◾The Israel-Lebanon dispute could lead to a delay in the development of East-Med gas resources. At a time when the world’s gas supply is having to catch up with demand, two prospective gas majors in the eastern Mediterranean have locked horns over a disputed field that could delay the development of local resources. Israel and Lebanon have been...
