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Between Tales and Facts: The Long Saga of Gaza Marine

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dc.contributor.author Sukkarieh, Mona
dc.date.accessioned 2024-08-01T09:19:45Z
dc.date.available 2024-08-01T09:19:45Z
dc.date.issued 2024-02
dc.identifier.uri http://hdl.handle.net/10938/24538
dc.description Gaza Marine, a gas field discovered offshore Gaza in 2000, holds significant potential for the Palestinian economy but has been mired in political and security challenges. Early hopes for commercialization through deals with Israel or Egypt fell through, and subsequent attempts to revive the project have faced similar obstacles. Recent agreements involving Egyptian companies brought renewed optimism, but the outbreak of conflict in Gaza in October 2023 has paused all development efforts. Social media claims linking the war to gas resource control are overstated and ignore the deeper roots of the Israeli-Palestinian conflict. Future development will require significant diplomatic efforts and internal Palestinian consensus.
dc.description.abstract Discovered in 2000, the Gaza Marine gas field has encountered significant obstacles hindering its development, primarily stemming from political, legal, and security-related challenges. Initially heralded as a promising economic venture for Palestine, the project encountered hurdles such as protracted negotiations, fluctuating partnerships, with recent involvement from Egyptian firms. Despite incremental advancements in securing agreements and regulatory clearances, the eruption of conflict in Gaza in October 2023 disrupted progress once more. While there is speculation on social media linking gas resources to the ongoing conflict, this interpretation oversimplifies the intricate and longstanding Israeli-Palestinian tensions at play.
dc.language.iso en
dc.publisher Issam Fares Institute for Public Policy and International Affairs (IFI)
dc.relation.ispartofseries Analysis;
dc.subject British Gas (BG)
dc.subject Palestine Investment Fund (PIF)
dc.subject Egyptian Natural Gas Holding Company (EGAS)
dc.subject Gaza Marine
dc.subject Political challenges
dc.subject Security concerns
dc.subject Diplomatic efforts
dc.subject Cheiron
dc.subject.lcsh Gas fields
dc.subject.lcsh Energy development
dc.subject.lcsh Palestine--Economic conditions
dc.subject.lcsh Israel
dc.subject.lcsh Egypt
dc.title Between Tales and Facts: The Long Saga of Gaza Marine
dc.type Other
dc.contributor.department Issam Fares Institute for Public Policy and International Affairs (IFI)


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