Israel negotiates with British BG group on buying gas from offshore gas field near Gaza. Barak gave the field to Arafat for unspecified cut and BG subsequently received the development rights. The field contains a trillion cubic feet of natural gas.
The gas deal adds one billion dollars annually to the cost of Israel abandoning Gaza to Arabs.
Middle East conflict made real: Israel to pay a billion dollars to Gaza | |
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No one benefits from the Middle East as much as Gaza. After Israel gave Arafat an offshore gas field near Gaza, Palestinian got the economic means to perpetuate the conflict. As if Israel must be the only country in the Middle East without its own gas reserves.