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The BG Group drilled two wells in 2000: Gaza Marine-1 and Gaza Marine-2. Reserves are estimated by British Gas to be of the order of 1.4 trillion cubic feet, valued at approximately 4 billion dollars. These are the figures made public by British Gas. The size of Palestine’s gas reserves could be much larger.

Who Owns the Gas Fields?

The issue of sovereignty over Gaza’s gas fields is crucial. From a legal standpoint, the gas reserves belong to Palestine.

The death of Yasser Arafat, the election of the Hamas government and the ruin of the Palestinian Authority have enabled Israel to establish de facto control over Gaza’s offshore gas reserves.

British Gas (BG Group) has been dealing with the Tel Aviv government. In turn, the Hamas government has been bypassed in regards to exploration and development rights over the gas fields.

In 2006, British Gas “was close to signing a deal to pump the gas to Egypt.” (Times, May, 23, 2007). According to reports, British Prime Minister Tony Blair intervened on behalf of Israel with a view to shunting the agreement with Egypt.

Gaza and Energy Geopolitics The military occupation of Gaza is intent upon transferring the sovereignty of the gas fields to Israel in violation of international law." Source (globalresearch.ca) Archive (archive.ph)

FOR CONTEXT British Gas worked under license from the Palestinian authorities. They were COMMISSIONED by Palestine to do the exploration. Now Egypt, Lebanon, Israel and Palestine are trying to establish a way forward.

Palestinian authorities were still searching for $1.1 billion investment to extract the gas in October 2022, just one year ago. The project would carry huge benefits for the Palestinian economy. Works would require approval from Israel before commencement. Source (france24.com) Archive (archive.ph)

> The BG Group drilled two wells in 2000: Gaza Marine-1 and Gaza Marine-2. Reserves are estimated by British Gas to be of the order of 1.4 trillion cubic feet, valued at approximately 4 billion dollars. These are the figures made public by British Gas. The size of Palestine’s gas reserves could be much larger. > Who Owns the Gas Fields? > The issue of sovereignty over Gaza’s gas fields is crucial. From a legal standpoint, the gas reserves belong to Palestine. > The death of Yasser Arafat, the election of the Hamas government and the ruin of the Palestinian Authority have enabled Israel to establish de facto control over Gaza’s offshore gas reserves. > British Gas (BG Group) has been dealing with the Tel Aviv government. In turn, the Hamas government has been bypassed in regards to exploration and development rights over the gas fields. > In 2006, British Gas “was close to signing a deal to pump the gas to Egypt.” (Times, May, 23, 2007). According to reports, British Prime Minister Tony Blair intervened on behalf of Israel with a view to shunting the agreement with Egypt. > Gaza and Energy Geopolitics > The military occupation of Gaza is intent upon transferring the sovereignty of the gas fields to Israel in violation of international law." > [Source](https://www.globalresearch.ca/war-and-natural-gas-the-israeli-invasion-and-gaza-s-offshore-gas-fields/11680) > [Archive](https://archive.ph/6Lsj1) > FOR CONTEXT > British Gas worked under license from the Palestinian authorities. They were COMMISSIONED by Palestine to do the exploration. Now Egypt, Lebanon, Israel and Palestine are trying to establish a way forward. > Palestinian authorities were still searching for $1.1 billion investment to extract the gas in October 2022, just one year ago. > The project would carry huge benefits for the Palestinian economy. > Works would require approval from Israel before commencement. > [Source](https://www.france24.com/en/live-news/20221014-egypt-mediates-talks-to-develop-gaza-offshore-gas) > [Archive](https://archive.ph/l2WPI)

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[–] • 1 pt

Well I’ll be darned. Wouldn’t it be quite serendipitous if after annexing Gaza, Israel owned those oil and natural gas reserves.

Happy Merchant rubbing hands in glee*