CEO of Greek Energean Oil & Gas Mathios Rigas said that the company is ready to buy and operate 45 % stake in the offshore gas field Gaza Marine as soon as both the Israeli and Palestinian authorities give their consent.
The field has long been seen as an opportunity for the cash-strapped Palestinian authorities to join the Eastern Mediterranean gas scene, providing a major source of income to reduce its reliance on foreign aid and Israeli energy. But Palestinian political disputes and conflict with Israel, as well as economic factors, have delayed plans to develop the field.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed
Tags: Energean, gas, Greece, Mediterannean, offshore