PM: Israel to develop Gaza offshore gas field in coordination with Egypt, PA

Prime Minister Benjamin Netanyahu leads a cabinet meeting at his office in Jerusalem on June 18, 2023. (Amit Shabi/Pool/Flash90)
Prime Minister Benjamin Netanyahu leads a cabinet meeting at his office in Jerusalem on June 18, 2023. (Amit Shabi/Pool/Flash90)

Prime Minister Benjamin Netanyahu announces that Israel will work to develop a natural gas field off the coast of the Gaza Strip, a proposal that has been repeatedly floated for more than two decades.

A statement from the Prime Minister’s Office declares that as part of a “framework of existing efforts” between Israel, Egypt and the Palestinian Authority, the government is moving forward with developing the “Gaza Marine gas field off the coast of Gaza.”

The move is seen as a olive branch to the Palestinians and, if carried out, is expected to bring in billions of shekels to the PA. The Prime Minister’s Office says it’s pursuing the plan with an emphasis “on Palestinian economic development and maintaining security stability in the region.”

The statement says that the project is “subject to coordination between the security services and direct dialogue with Egypt, in coordination with the PA.”

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