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Last update - 13:29 23/06/2007
Hamas says will not block deal to drill for natural gas off Gaza shore
By Reuters

Hamas said it will not hinder plans to drill for natural gas off the shores of the Gaza Strip after it took control of the coastal territory a week ago, a Hamas official said on Friday.

Sami Abu Zuhri, a senior Hamas official, said the group would not block an agreement between British gas producer BG Group Plc and the Palestinian Authority to drill for reserves discovered off Gaza's coast in 2000.

But Hamas would like to change some parts of the deal - reached between BG and the Palestine Investment Fund (PIF), which is controlled by Palestinian President Mahmoud Abbas - that Abu Zuhri said "harm Palestinian interests".

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Under the current agreement, BG plans to sell the natural gas to Israel. Britain and other Western countries have isolated Hamas because of its refusal to recognize Israel and renounce violence.

"There will not be a problem to cooperate with the British company, but it is important to reconsider some things in this matter," Abu Zuhri said.

In December 2000, BG completed drilling a natural gas well offshore Gaza indicating possible reserves of around 1.4 trillion cubic feet, which the PIF said has an estimated value of e1.3 billion.

BG was unavailable for comment.

"It is premature to discuss whether Hamas wants to begin direct negotiations with the British company over drilling national gas off Gaza shores," Abu Zuhri said, but added, "We do not want to overturn existing situations."

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  1.   Hamas sees $$$$ 20:47  |  William 22/06/07
  2.   Give it away and buy it back.... 20:58  |  Mike 22/06/07
  3.   Yeah, they won`t block if they get something 21:56  |  C 22/06/07
  4.   Sharon had specifically vetoed this deal 23:15  |  Jake 22/06/07
  5.   BG found nothing -these are smart ass technics 23:38  |  Sal 22/06/07
  6.   big bucks 23:44  |  yakub 22/06/07
  7.   indrajaya, where is Alan Johnston you promised free last Sunday? 23:47  |  Genuine Tosefta 22/06/07
  8.   Livni and Olmert have surpassed Lenin 02:29  |  Absolute Sweden 23/06/07
  9.   Hamas 02:32  |  Gary 23/06/07
  10.   Gaza natural gas to Israel. 04:53  |  Maureen Ann 23/06/07
  11.   Stand back and be amazed 10:11  |  Clickfool 23/06/07
  12.   #10 maureen ann and the usual SOUR GRAPES 10:19  |  Paul harris 23/06/07
  13.   Gasa Gas 11:53  |  Gary 23/06/07
  14.   Maureen Ann 12:53  |  Nephtaly 23/06/07
  15.   swap gas for Jonson? 13:24  |  Rufus 23/06/07
  16.   C`Fool THE CLOWN 15:52  |  even 23/06/07
  17.   #Nephtaly. What is positive in the state of Israel? 12:10  |  Maureen Ann 24/06/07
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