Gaza: a war for oil? | World War 4 Report

“When gas reserves were discovered in 2000, late Palestinian President Yasser Arafat held a special ceremony for the occasion, which gave Palestinians hope that their homeland would thrive and join other Gulf countries as a major gas exporter. Yet Palestine over the past 14 years has been unable to properly exploit its own gas due to the political and economic impediments with Israel, and due to internal division and the absence of legislative control.” Israel has been the sole purchaser of the 10% allocated Palestinian gas, with a ground pipeline from the Strip foreseen. But it is uncertain the pipeline has ever functioned, or even been built: “Negotiations over gas deals beginning in 2001 broke down in 2007 due to differences on where the pipeline would come on shore, the complications of increasing violent events, and the Hamas takeover of the Gaza Strip in 2007. These all contributed to circumstances whereby, in 2007, BG Group withdrew from negotiations with the government of Israel for the sale of gas from the Gaza Marine field and in 2008, BG Group closed its office in Israel, yet remained in contact with both the PA and Israel.”

via Gaza: a war for oil? | World War 4 Report.

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