VOL. XLV

No 22

3-June-2002

ISRAEL

Gaza Offshore GasSales To Israel RemainDistant Prospect

MEES understands that sales of gas from the sector of the Mediterranean under Palestinian Authority (PA) control offshore Gaza to Israeli buyers remain a distant prospect, despite aflurry of reports in the Israeli press suggesting that a deal is imminent. MEES soundings indicate that inprinciple, the PA supports the idea of selling gas to Israel, given that the reserves already discovered will be...