Israel has granted preliminary approval to collaborate with Egypt and the Palestinian Authority (PA) to develop the Gaza Marine gas field off the coast of the Gaza Strip, Israel’s Prime Minister’s Office announced through a social media post on 18 June. Egypt and the PA announced the deal in October, awaiting Israel’s approval, which has now been granted. Israel’s announcement highlights that their decision to agree to Egypt and the PA’s plans to develop the gas field falls under the framework of promoting Palestinian economic development and ensuring regional security and stability. “Implementing the project is subject to coordination between the security services and direct dialogue with Egypt, in coordination with the PA, in order to maintain the security and diplomatic interests of the State of Israel on the matter,” elaborated the Prime Minister’s office. The project will be carried out with the assistance of the state-owned Egyptian Natural Gas Holding Company (EGAS), as reported by The Jerusalem Post. The gas field, estimated to hold over one trillion cubic feet of natural gas, is located approximately 30 kilometres from Gaza’s coastline. Palestine’s ambition to boost its economy through its gas…
Israel Joins Egypt and Palestine in Rare Partnership to Develop Gaza Gas Field
June 19, 2023
