Energy consumption in the Mediterranean is estimated to increase by up to 50 percent over the next 25 years. The heightened demand comes at a time when gas in the Levant Basin, estimated to contain 1.7 billion barrels of recoverable oil and an average of 122 trillion cubic feet of gas, is being divvied up among nations with territorial claims to
Billion Dollar Israeli Gas Grab Behind Past 15 Years Of War On Gaza
When gas was discovered in Palestine in 1999, Yasser Arafat proclaimed it was a “gift from God.” So what’s stopping the country from exploiting that gas to the tune of an estimated $2.5 billion to $7 billion, and relieving a host of development problems? MintPress investigates.