PALESTINE/ISRAEL

By Simon Henderson*

Most of the natural gas (about 40 tcf) found so far in the Eastern Mediterranean’s Levant Basin has been in Israel’s Exclusive Economic Zone (EEZ), with a small amount offshore Cyprus, but one of the earliest discoveries, in 2000, was offshore the Gaza Strip.  The exploitation of this discovery, the Gaza Marine field (1 tcf), could provide more reliable electricity to the Gaza Strip and boost the revenues of the Palestinian Authority...