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Geo Energy Program

Why Israel Approved Development of the Gaza Marine Gas Field

In June 2023, Israel quietly approved the development of Gaza Marine, a small offshore gas field near Gaza that will benefit both the Palestinian Authority and Hamas in terms of revenue and energy independence. Why was the deal approved by the most right-wing Israeli government to date, and how does this relate to the Lebanon maritime border deal from October 2022?

Israel’s Energy Market and the War in Ukraine

The Russian invasion of Ukraine has riled the energy markets of Europe and created opportunities for Israel’s energy sector that contain both risks and rewards. These opportunities include: 1) the prospect of more natural gas exploration and new LNG export projects in the Eastern Mediterranean to meet Europe’s growing demand for non-Russian gas; 2) the revival of the EAPC-UAE deal to move cheaper oil from the Gulf States to Europe through Israel; and 3) more Israeli solar and clean tech export deals to the Gulf States to help release oil and gas for export.

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