Tag: resources

January 17, 2009 / Audio

In 1999 the news came out that there were significant natural gas supplies off the coast of Gaza. Negotiation soon took place between the Palestinian Authority, Israel, British Gas, and a Athens based company. The deal they produced would have given the PA 10% of the profits, though it was to be put in a special trust fund that only the Fatah political party could touch. However that deal was never signed, and in 2006 Hamas was the big winner in legislative elections, and they immediately declared the deal unfair and demanded it be renegotiated. The other parties would not renegotiate.

Meanwhile at the same time, Israel’s gas reserves off their coast are set to run out in only a few years. And a recent import deal they made with an Egyptian gas company, was declared illegal by an Egyptian court and that important source had been shut down.
Now we are over 20 days into an Israeli military operation which has been explained as an effort to hunt down Hamas who are a danger to the security of Israel. Hardly anywhere in the mainstream media is there mention of the very big issue of gas resources and the supply situation Israel finds itself in.