Will Gaza Ever Get a Whiff of Its Offshore Gas?

By Stuart Littewood

Gaza’s gas… isn’t this home-grown source of energy something the Palestinians should be in charge of?

Yes, but the way things are shaping it’ll probably be stolen from them just like their lands, their homes and their precious water.

The Gaza marine gas field lies 25 to 30 kilometers off Gaza’s shore. In 1999 the BG Group obtained licences to Israeli offshore concessions, and shortly afterwards was awarded the Gaza licence, for a period of 25 years. BG holds 90% equity in the licence, but this could reduce to 60% if the Consolidated Contractors Company (its current 10% partner) and the Palestine Investment Fund exercise their options.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.