Natural gas seals Gaza’s pain
Mark Turner, The Electronic Intifada
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| Palestinian Authority President Mahmoud Abbas and appointed Prime Minister Salam Fayyad attend a signing ceremony between OPIC (Overseas Private Investment Corporation) and the Palestinian Investment Fund in the West Bank city of Ramallah, July 2007. (Omar Rashidi/ MaanImages/POOL) |
Israel claims its recent military campaign in the Gaza Strip, stepping up air strikes and shelling of the beleaguered coastal strip, are retaliation for continued rocket attacks originating in Gaza that despite their consistency cause scant damage and few actual casualties. But the reasons may include motivations with roots back in 2000, when the British firm British Gas Group (BG) discovered proven natural gas reserves of at least 1.3 trillion cubic meters beneath Gazan territorial waters worth nearly $4 billion.
