Counter Hegemony

CH#38: Is Israel's assault on Gaza about gas?


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Is Israel's assault on Gaza about gas?

There are several videos floating around the Internet claiming that Israel's assault on Gaza has to do with the natural gas reserves located off the Gazan coast. In 1999, the Palestinian National Authority signed a gas exploration contract with the company British Gas. The following year, two wells were drilled, Gaza Marine I and II. In response, Israel began blocking any development of the gas fields. In 2008, Israel went even further by taking full control of Gaza Marine, in clear violation of international law. In 2019, the UN published a study that estimated the net value of Gaza Marine at $4.6 billion. In October 2022, Israel, the U.S., Egypt and the PA agreed on developing the gas fields. First, Hamas rejected the deal. But then, a few days later, the group reportedly agreed to the project in exchange for a share of the revenues. Then came October 7, followed by Israel's genocidal attack on Gaza. With the new reality on the ground, it is unclear whether the gas deal still stands. The war could give Israel an excuse to block all Palestinians from participating in the gas deal. Netanyahu could also cancel it altogether or simply expropriate Gaza Marine.

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Counter HegemonyBy Aaron Tauss