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    Qatar to Fund Israel-Gaza Strip Gas Pipe

Summary

The pipeline will supply gas from the Leviathan field operated by Chevron.

by: Shardul Sharma

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Complimentary, NGW News Alert, Natural Gas & LNG News, Middle East, Political, Ministries, Supply/Demand, News By Country, Israel, Palestine, Qatar

Qatar to Fund Israel-Gaza Strip Gas Pipe

Qatar will provide $60mn to finance a gas pipeline project to supply the Gaza Strip with gas. The pipeline will transport gas from the Israeli side to the power plant in the Gaza Strip, said the country's foreign ministry said February 25. 

Chairman of Qatar's Gaza Reconstruction Committee Ambassador Mohammed Al Emadi said a gas supply was necessary to solve the electricity crisis in Gaza Strip. The amount will be allocated for extending gas pipeline from the Israeli side, while the EU pledged to provide €20 ($24)mn to complete the extensions inside the Gaza Strip, the foreign ministry said.  

According to Reuters, the project is expected to be completed by 2023 and the gas will be supplied from the Leviathan field operated by the US major Chevron. With pipeline funding secured, what remains is a gas purchase agreement with the Leviathan field partners, the news agency added. 

A meeting was held on February 24 via video conference with the prime minister of Palestine Mohammad Shtayyeh, and the representative of the European Union to Palestine Sven Kuhn von Burgsdorff The meeting discussed plans to develop the only power station in Gaza and mechanisms for converting it to work on gas as an alternative to liquid fuel, the Qatari foreign ministry stated.