Middle East Economic Survey


No 1



BG Rules Out Gas Sales To Israel

After 18 months of negotiations, BG has ended talks with Israel to sell gas from the Gaza Marine field, citing insurmountable differences on some of the key issues. These disagreements centered on the sales price for the gas, the problem of funds flow (the difficulty of ensuring that the Palestinian revenues did not benefit Hamas, which controls the Gaza strip), and the security of power to Gaza...