Israel to allow natural gas extraction off Gaza
Sunday, October 9, 2022 | Tag Cloud Tags: Egypt, gas, Gaza, Israel, News, Palestinian Authority, Security, Worthy News
(Worthy News) – Israel has responded to Egyptian efforts to allow the Palestinian Authority to produce natural gas off the coast of Gaza, the Al-Monitor website reported on Sunday, a report confirmed by a PL executive committee member.
Egypt has been holding secret bilateral talks for several months after years of Israeli objections to producing natural gas off the coast of Gaza for security reasons.
The field in question, located about 19 miles west of the Gaza coast, was discovered in 2000 by British Gas (now BG Group) and contains more than 1,000 billion cubic feet of natural gas. The cost of its development is estimated at $1.2 billion. [ Source: i24 (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
