Qatar to pour $60 million into new Israel-Gaza gas pipeline

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IslamNews – Qatar pledged $60 million to help construct a natural gas pipeline running from Israel into the Gaza Strip, the Qatari government said, a project that aims to ease the energy crisis that long has afflicted the impoverished Palestinian enclave.

Natural gas now flowing through a pipeline in Israel from the eastern Mediterranean will be transported via a new extension into Gaza, the Qatari Foreign Ministry announced on its website. The eastern Mediterranean has become one of the world’s major offshore drilling zones, with lucrative deepwater gas fields recently discovered in Israel’s territorial waters.

The European Union also has pledged over $24,448,800 to fund the pipeline on the Gaza side of the border, the ministry added.

The statement did not give a date for the pipeline’s completion. But the official confirmation of funding after weeks of anticipation signals a diplomatic breakthrough between the many parties to the project: Europeans, Israelis, Palestinians and Qataris.

Source: AP

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