The U.S. helped Lebanon and Israel reach a ceasefire agreement last week (27/11/2024) to halt hostilities between Israel and Hezbollah on the Lebanese southern border.
The ceasefire agreement marks a critical shift in the geopolitical landscape of the Eastern Mediterranean (EastMed), with potential implications on regional gas exploration and development.
This note highlights the following key aspects:
- Effects of the ceasefire on Israel’s gas sector
- Its effects on Egypt’s gas development
- New opportunities for gas exports to Europe
