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Natural Gas Offshore natural gas finds discovered during the past three years are currently under development, and have given impetus to the plans to develop a supply network. Israel is working to develop a $400 million natural gas transmission system to supply gas to major local industries.The Israeli government signed a contract in 2002 with a domestic supplier, which partnered with an American firm to supply 1.7 BCM natural gas annually. Regional political issues and internal bureaucratic complexities have slowed the progress on negotiations with potential second and third suppliers, from Egypt or offshore Gaza, and on the construction of an overland transmission system. However, this year, a U.S. firm has began to lay a pipeline from an offshore gas rig to the coast and tendering is in process for the construction of a 100 km underwater pipeline along the Mediterranean shore.
For more information, please contact Commercial Specialist Irit Van der Veur, U.S. Embassy Tel Aviv; irit.vanderveur@mail.doc.gov
http://www.buyusa.gov/easternmed/energymarketbriefs.html
The Israelis are probably in a panic. They anyway have wanted to clear Gaza and claim it for themselves for sometime. Getting rid of the Arabs now becomes vital less some of the revenues would have to be shared with them. What Israelis fear more than poor Palestinians would be rich Palestinians.