"....Israeli naval attacks began shortly after the discovery by the BG (British Gas) Group of what appear to be quite sizeable natural gas fields in Gaza’s territorial waters. Industry journals report that Israel is already appropriating these Gazan resources for its own use, part of its commitment to shift its economy to natural gas. The standard industry source reports:
“Israel’s finance ministry has given the Israel Electric Corp. (IEC) approval to purchase larger quantities of natural gas from BG than originally agreed upon, according to Israeli government sources [which] said the state-owned utility would be able to negotiate for as much as 1.5 billion cubic meters of natural gas from the Marine field located off the Mediterranean coast of the Palestinian controlled Gaza Strip."
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