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Gaza Marine
Gaza Marine is a natural gas field off the coast of the Gaza Strip.
==History==
The Gaza Marine natural gas field was discovered in 2000 in water that is legally under the control of the Palestinian National Authority. It is located about offshore at a depth of . It has around 1.4 trillion cubic feet of gas and an estimated value of 2.4 to 7 billion dollars. In 1999, the then leader of the Palestinian Authority, Yasser Arafat, made a deal with British Gas (BG), that gave BG 25 years to exploit the oil fields.〔 In 2000, BG discovered the Gaza Marine Gas Field. It has enough energy to supply Palestinian territories and still have a surplus for export, making the Palestinian territories more energy independent. After this agreement was signed in 1999, the rights were divided. BG had 60 percent, Consolidated Contractors Company had 30 percent, and the Palestine Investment Fund (PIF), under the control of the Palestinian Authority, retained 10 percent.〔 Despite many attempts to strike a deal with BG to open the Gaza Marine Gas Field, it is still unexploited. Two of the main parties involved in the negotiations are the Israel Electric Corporation (IEC) and Egypt, who seek to convert the natural gas into liquefied natural gas to export.〔 The gas field remains unexploited for political and historical reasons although when it was first discovered the media coverage projected it to be a subject which could lead to cooperation and negotiation between Israel and Palestine, offering benefits to both parties.〔
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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