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 at odds about their maritime border ever since gas was found. The issue seems to be of particular importance for troubled Lebanon: a big gas find could change the country’s quite grim fortunes. It is also important for Israel, however, as it eyes the position of a regional gas major. […]