In 2023 Israel has given preliminary approval for the development of the Gaza Marine gas field, with the involvement of the Palestinian Authority and Egypt, [3][4] but, as of 2024, Gaza's natural gas was still underwater. The legal status of the Gaza Marine gas field is complex and contested.

Nov 15, 2023 · In 1999, British Gas (BG) discovered the existence of natural gas in the Gaza Marine fields, 20 nautical miles off the coast of Gaza, at a depth of 610 meters below the surface. Further exploration by BG through two successful wells — Gaza Marine 1 and Gaza Marine 2 — determined the field could contain up to 1 trillion cubic feet of natural ...

Feb 6, 2025 · US President Donald Trump has said America “will take over” the Gaza Strip, while the Palestinians who live there should be relocated to Jordan or Egypt. One of the most crucial yet overlooked reasons behind this decision is energy. Both Israel and Gaza have massive offshore natural gas reserves.

Jun 18, 2023 · Israel gave preliminary approval for the development of a gas field off the Gaza Strip on Sunday while saying it would require security coordination with the Palestinian Authority and...

Oct 10, 2023 · Chevron said Monday it had shut down a natural gas field off the coast of Israel at the behest of local officials, two days after Hamas militants launched their deadly assault on the country....

Apr 18, 2024 · The Leviathan field, discovered in 2010 off the port city of Haifa, contains an estimated 22 trillion cubic feet of gas and is the largest natural gas reservoir in the Mediterranean. It supplies the Israeli gas market as well as Jordan and Egypt.

Gaza Marine Gas Field is a cancelled gas field in Palestine. [9] [2] The map below shows the exact location of the field: Loading map... As of March 2023, Egypt’s EGAS was expected to lead development of Gaza Marine. BG was the original operator and 90% owner. [11] . The Palestine Investment Fund (PIF) held the license for the field as of 2023.