Israel, Egypt, and Palestinian Authority to Develop Gaza Gas Field.

Israel will collaborate with Egypt and the Palestinian Authority to develop the Gaza Marine gas field, which is estimated to hold over 1 trillion cubic feet of natural gas. The project will be advanced in cooperation with security agencies, in direct talks with Egypt and coordination with the PA. Income from gas could help the cash-strapped PA, and the project is estimated to cost $1.4 billion and would allow for gas production early next year. Hamas was officially left out of the negotiations, but it is unlikely that the project would be able to move forward without at least tacit agreement from the terrorist group.