Video Infoblog with Transcript: Behind Israel’s ‘end game’ for Gaza: Theft of offshore gas reserves


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 375 miles. 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 gas. (EgyptOil-Gas.com, April 5, 2018) The Palestinian Authority was “granted” the right to exercise sovereignty over its own maritime territory by the Oslo Accords in 1995. Four years later, following the findings of the offshore natural gas, the PA gave the international consortium BG a 25-year, 90% stake in a license to explore, develop any discovered fields, and install the required infrastructure. Since that time Israel has consistently blocked this development.

Transcript

0:00

British gas has discovered natural gas

0:01

off the coast of Gaza the natural gas is

0:03

spread over 1.4 trillion cubic

0:06

[Music]

0:08

feet many months

0:10

later geologists have confirmed that the

0:13

West Bank is rich in highquality oil and

0:15

water supplies while Gaza is rich in

0:16

natural gas the estimated cost of the

0:18

occupation related to oil and natural

0:20

gas is valued at $500

0:22

billion till now Israel has successfully

0:24

occupied and controlled water and oil

0:26

resources currently there are plans to

0:27

develop gaza's Maritime Gas field as

0:29

announced by nanahu in June 2023 soon

0:32

after declaring war against Hamas in

0:33

October Israel granted licenses to six

0:35

companies for the development of the

0:36

gaza's gas field clearly their aim is to

0:38

become a net exporter of natural gas

0:40

however the Palestinian people are seen

0:42

as problematic to the proposed agenda so

0:44

Israel wants to take control over Gaza

0:45

Strip in the name of self-defense

0:47

against terrorism and utilize gaza's

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marine gas field similar to what was

0:51

done during the 2014 War some countries

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are supporting this genocide because

0:55

they are major shareholders of the six

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involved companies either directly or

0:58

indirectly through relatives

English (auto-generated)

 

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