Israel and Egypt to Develop Gaza Offshore Gas Field with Security Coordination.

Israel's Prime Minister Benjamin Netanyahu announced plans to develop the Gaza Marine gas field off the coast of Gaza, in coordination with Egypt and the Palestinian Authority. The move is seen as an olive branch to the Palestinians and is expected to bring in billions of shekels to the PA. The project is subject to coordination between the security services and direct dialogue with Egypt, with an emphasis on Palestinian economic development and maintaining security stability in the region. Talks on developing the gas field have been ongoing for more than 20 years, with efforts repeatedly failing to progress.