Amos Hochstein, the United States special envoy for energy, announced on Sunday that Lebanon and Israel are expected to sign a brand-new maritime border contract on Thursday.
The deal is expected to resolve the long-running border dispute in the Mediterranean Sea and to ensure the stability of the northern border.
The agreement is also intended to increase offshore gas production in both countries.
The signing ceremony is expected to take place at the headquarters of the United Nations Interim Force in Lebanon (UNIFIL) in Naqoura, southern Lebanon.
As per an i24 news report, Hochstein will attend the ceremony. He will arrive in Lebanon on Thursday to meet Lebanese President Michel Aoun, carrying the final version of the maritime deal.
Israel had hoped for a ceremony in which Israeli and Lebanese authorities would sit together, but this will not be doable because the two countries do not have diplomatic ties and are still technically at war.
Earlier on October 11, Israel Prime Minister Yair Lapid announced this historic maritime agreement with Lebanon to end maritime border conflicts.