(MENAFN- Qatar News Agency) Israel Electric Corporation (IEC) has renewed talks on the purchase of Palestinian natural gas from the Marine field, located 36 kilometers offshore from Gaza.
In early December, the IEC negotiating team will meet representative of BG Group plc.
Sources inform ''Globes'' that the negotiations are being resumed at the request of Prime Minister Benjamin Netanyahu to the talks with the Palestinian Authority.
The Marine Gaza field, discovered by BG Group in 2000, has 33 billion cubic meters (BCM) of natural gas, which is enough to meet the needs of the Palestinians in Gaza and the West Bank for 25 years, and Israel's needs for 4-5 years (at current consumption levels).
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