Overview
- Israeli foreign minister Gideon Sa’ar said Navitas is a private company, stressed that his government is not involved, and urged a peaceful, negotiated resolution.
- Argentine foreign minister Pablo Quirno welcomed the recognition of the sovereignty dispute and said the matter must be resolved under UN resolutions and international law.
- The exchange follows Navitas’s announcement that its British subsidiary plans activities in the South Atlantic in waters claimed by both Argentina and the United Kingdom.
- The Sea Lion project is being advanced by Rockhopper and Navitas with an initial Phase 1 investment of about US$2.1 billion and potential production around 2028, according to company and island authorities’ statements.
- Argentina rejects the operations as illegitimate, cites relevant UN General Assembly resolutions, and warns of administrative, legal, and judicial measures, noting prior sanctions on Rockhopper and Navitas.