![Reminder: discovered in 2000, there are extensive gas reserves off the Gaza coastline: "It should be noted that 60 percent of the gas reserves along the Gaza-Israel coastline belong to Palestine. [499x453 - 256KB]](https://pic8.co/sh/VqMED2.png){kind=link}
Genie's founder and chairman is Howard Jonas. Michael Stein is the company's Chief Executive Officer of Genie Energy and Chief Executive Officer of Genie Retail Energy. Avi Goldin serves as the company's CFO. The president of its Israeli subsidiary is Effie Eitam. Genie Energy's Strategic advisory board is composed of: Dick Cheney since 2009 (former vice president of the United States),[3] Rupert Murdoch (media mogul and chairman of News Corp), James Woolsey (former CIA director), Larry Summers (former head of the US Treasury), Bill Richardson (former Governor of New Mexico, ex-ambassador to the United Nations and United States Energy Secretary),[4] Michael Steinhardt, Jacob Rothschild,[5][4] and Mary Landrieu, former United States Senator from Louisiana.
Genie Oil and Gas
Genie Oil and Gas (GOGAS) explored for conventional oil in the Israeli-occupied Golan Heights through its Afek Oil and Gas subsidiary, and pursued oil shale projects through American Shale Oil (AMSO), Israel Energy Initiatives (IEI) and Genie Energy Mongolia. AMSO, IEI, and Genie Energy Mongolia are no longer active. 89% of GOGAS was owned by Genie Energy while Jacob Rothschild, Michael Steinhardt and Rupert Murdoch among others held minority interests.[13][14][15]
Afek Oil and Gas
In February 2013, Israeli authorities awarded Afek Oil and Gas an exclusive 36-month petroleum exploration license to a 153-square-mile (400 km2) plot in the Israeli-occupied Golan Heights, which the UN recognizes to be Syrian territory.[16][17][18][19] Afek subsequently conducted above-ground geophysical tests and based on its preliminary analysis, has applied for a ten well exploratory drilling program.[20] South of Katzrin in the southern Golan Heights in 2015, Afek discovered a substantial amount of oil and natural gas reserves which would make Israel energy self-sufficient.
Genie Energy - Wikipedia https://en.wikipedia.org/wiki/Genie_Energy
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)
Genie's founder and chairman is Howard Jonas. Michael Stein is the company's Chief Executive Officer of Genie Energy and Chief Executive Officer of Genie Retail Energy. Avi Goldin serves as the company's CFO. The president of its Israeli subsidiary is Effie Eitam. Genie Energy's Strategic advisory board is composed of: Dick Cheney since 2009 (former vice president of the United States),[3] Rupert Murdoch (media mogul and chairman of News Corp), James Woolsey (former CIA director), Larry Summers (former head of the US Treasury), Bill Richardson (former Governor of New Mexico, ex-ambassador to the United Nations and United States Energy Secretary),[4] Michael Steinhardt, Jacob Rothschild,[5][4] and Mary Landrieu, former United States Senator from Louisiana.
Genie Oil and Gas
Genie Oil and Gas (GOGAS) explored for conventional oil in the Israeli-occupied Golan Heights through its Afek Oil and Gas subsidiary, and pursued oil shale projects through American Shale Oil (AMSO), Israel Energy Initiatives (IEI) and Genie Energy Mongolia. AMSO, IEI, and Genie Energy Mongolia are no longer active. 89% of GOGAS was owned by Genie Energy while Jacob Rothschild, Michael Steinhardt and Rupert Murdoch among others held minority interests.[13][14][15]
Afek Oil and Gas
In February 2013, Israeli authorities awarded Afek Oil and Gas an exclusive 36-month petroleum exploration license to a 153-square-mile (400 km2) plot in the Israeli-occupied Golan Heights, which the UN recognizes to be Syrian territory.[16][17][18][19] Afek subsequently conducted above-ground geophysical tests and based on its preliminary analysis, has applied for a ten well exploratory drilling program.[20] South of Katzrin in the southern Golan Heights in 2015, Afek discovered a substantial amount of oil and natural gas reserves which would make Israel energy self-sufficient.
Genie Energy - Wikipedia https://en.wikipedia.org/wiki/Genie_Energy
(post is archived)