Oct 2023: Developments are now unlikely after a massive attack on the Gaza Strip by Israel following a terrorist attack in Israel by the Hamas group.
Jun 2023: Israel approved the Gaza Marine gas development off the Gaza Strip while saying it would require security coordination with the Palestinian Authority and Egypt. The Gaza Marine field, 30 kmsoff the Gaza coast, is undeveloped due to its economics, political dispute and conflict with Israel.
No significant news in 2022.
No significant news in 2021.
No significant news in 2020.
No significant news in 2019.
Mar 2018: Shell gave up its 55% in the Gaza Marine gas field off the Gaza Strip after failing to find a buyer. It took over the field in its acquisition of BG in 2016. Plans to develop over 35 bcm of gas have been put off several times over the past decade. The Palestine Investment Fund, a sovereign wealth fund, is now the only stakeholder.
No significant news in 2017.
No significant news in 2016.
No significant news in 2015.
Mar 2014: The Palestinian Authority announced plans to explore for oil in the northern West Bank. Israel, which wields overall control of the area, has given no indication it has agreed to the plan. Israeli oil company, Givot Olam, has begun pumping oil from a small field in Israel near the boundary, but with vertical drills, all on the Israeli side.
No significant news in 2013.
Sep 2012: Israel held talks with the Palestinian Authority over development of the Gaza Marine gas field off the Gaza Strip. The Authority granted exploration rights in 1999 to BG who drilled 2 wells in 2000. Estimated gas resources are 28 bcm. In 2007 it ended negotiations on sale of gas to Israel. Israel declines to engage with the Islamist Hamas rulers of the Gaza Strip. The Palestinian Authority fully controls only the West Bank.