VOL. XLIV

No 48

26-November-2001

ISRAEL

BGDenies Gaza Gas Development Reports

BGhas denied Israeli press reports that it would invest $400mn to develop gasreserves offshore Gaza. The Israeli daily Ma'ariv reported on 19November that BG had completed its development plans and was going ahead withthe construction of transportation and distribution infrastructure. A BGspokesperson told MEES that the company had no short-term plans todevelop its Gaza offshore gas discoveries and refuted the reserves...