Und wir wissen jetzt, was die Gasfunde ihnen eingebracht haben. (2008): ..Israel claims its recent moves are retaliation for continued rocket attacks originating in Gaza that despite their consistency cause scant damage and few actual casualties. But the reasons may include motivations with roots back in 2000, when the British firm British Gas Group (BG) discovered proven natural gas reserves of at least 1.3 trillion cubic feet beneath Gazan territorial waters worth nearly $4 billion.* The Palestinian Investment Fund (PIF), a financial holdings company owned primarily by independent Palestinian shareholders, is investing in the project and heads the negotiations in coordination with Mahmoud Abbas’ government in the West Bank. BG won a majority stake in the concession to develop the Gaza Marine Field and originally targeted Egypt for the sale of the natural gas. But pressure from then-British Prime Minister Tony Blair led the company to redirect its efforts toward Israel and develop plans for an underwater pipeline that would transport the gas to an Israeli refinery at Ashkelon. That deal could have eventually provided Israel with approximately 10 percent of its annual energy requirement, and would have generated approximately $1 billion for the PIF. The Hamas election victory in 2006 put all that in jeopardy. The Palestine Investment Fund was set up by Salam Fayyad, a World Bank veteran lauded by the United States as a practical thinker and fiscal reformist who would deliver transparency to the Palestinian Authority’s financial dealings. In 2003, then PA Finance Minister Fayyad consolidated a varied collection of Palestinian Authority holdings into the fund audited by Standard & Poor’s and now valued at an estimated $1.3 billion. The fund’s portfolio includes Palestine’s most profitable company, Paltel, and serves as the primary vehicle for private investment in Palestinian sustainable infrastructure.... electronicintifada.net/
Posted on: Mon, 20 Oct 2014 05:47:20 +0000
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