Behind #Israel’s ‘#EndGame’ for #Gaza: Theft of #OffshoreGas reserves
By Betsey Piette
November 14, 2023
"In 1999, #BritishGas (BG) discovered the existence of natural gas in the Gaza Marine fields, 20 nautical miles off the coast of Gaza, at a depth of 610 meters below the surface. Further exploration by BG through two successful wells — Gaza Marine 1 and Gaza Marine 2 — determined the field could contain up to 1 trillion cubic feet of natural gas. (EgyptOil-Gas.com, April 5, 2018)
"The Palestinian Authority was 'granted' the right to exercise sovereignty over its own maritime territory by the Oslo Accords in 1995. Four years later, following the findings of the offshore natural gas, the PA gave the international consortium BG a 25-year, 90% stake in a license to explore, develop any discovered fields, and install the required infrastructure. Since that time Israel has consistently blocked this development.
"In 2002, the PA approved BG’s proposals to construct a pipeline to a processing facility in Gaza. However, the Israeli state delayed this development, arguing that the pipeline should run to an Israeli-controlled port, and that Palestinians would have to supply Gaza Marine surplus fuel to Israel at far below market price.
"When Hamas won the Palestinian legislative elections in Gaza in 2007, Israel established a militarized naval blockade, prohibiting further offshore development. Around the same time, #YamThetis, an Israeli gas consortium, challenged the awarding of the contract to BG, further delaying the process.
"In December 2008, in total contravention of international laws, Israel declared sovereignty over the Gaza Marine area, and BG closed its offices in Tel Aviv.
"#RoyalDutchShell bought out BG’s interests in the #GazaMarineFields for $52 million in 2016. By March 2018, Royal Dutch Shell backed out of their investment, leaving the PA to search for a replacement company to develop the field. (EgyptOil-Gas.com, April 5, 2018)."
Read more:
https://iacenter.org/2023/11/15/behind-israels-end-game-for-gaza-theft-of-offshore-gas-reserves/
#WorldPol #FreeGaza #FreePalestine #EndTheBlockade #GazaGenocide
#IsraeliWarCrimes #BibiIsAWarCriminal #IsraeliIsAPetroState #BritishGas #PetroCriminals #ShellOil #BigOilAndGas #Oiligarchy #LevantBasin #Starvation #WarCrimes #StolenLand