Israel gives nod to Gaza Marine gas development ...Kuwait

The New Arab - News
Israel gives nod to Gaza Marine gas development
source : The New Arab ( Kuwait ) () 49
Israel gave preliminary approval for the development of a gas field off the besieged Gaza Strip on Sunday, while saying it would require security coordination with the Palestinian Authority and neighbouring Egypt. If concluded, the agreement would be a boost for the cash-strapped Palestinian economy. Announcing the move on the Gaza Marine project, Prime Minister Benjamin Netanyahu's office said progress would hinge on "preserving the State of Israel's security and diplomatic needs". While Egypt and Israel have been producing gas in the eastern Mediterranean for years, the Gaza Marine field, about 30 km (20 miles) off the Gaza coast, has remained undeveloped due to pol

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