Econostrum | Economic News in the Mediterranean

The EU and Qatar to finance a €70 million gas pipeline between Israel and the Gaza Strip

Written by Frédéric Dubessy on Thursday, February 25th 2021 à 14:43 | Read 461 times

The EU and Qatar to finance a €70 million gas pipeline between Israel and the Gaza Strip
PALESTINE. Qatar and the European Union have pledged $60 million (€49.19 million) and €20 million respectively to participate in the financing of a gas pipeline linking Israel to the Gaza Strip power plant.

According to the Palestinian Prime Minister, Mohammad Shtayyeh, this project will increase the electrical capacity and regularity of electricity supply in the region.

During the videoconference meeting that brought together Mohammad Shtayyeh, Mohammad al-Emadie, Chairman of the Qatari Committee for the Reconstruction of Gaza, and Sven Kühn von Burgsdorff, EU representative in Palestine, it was clarified that Qatar will invest in the part of the gas pipeline located in Israel and the EU in the part between the Gaza border and the power plant.

However, the date for the start of construction work on the pipeline remains dependent on a final green light from Israel.


Solving the electricity problem in Gaza

On February 21, 2021, the Egyptian Minister of Energy met with his Palestinian counterpart in the presence of Mahmoud Abbas, President of the Palestinian Authority. A memorandum of understanding had been signed on this project "which will be developed by Egypt and not by Israel," Mohammad Shtayyeh said the next day.

The Gaza Strip needs some 500 megawatts to provide 24 hours of electricity while only half is available. 120 megawatts are imported from Israel via ten power lines. The Gaza power plant, which runs on diesel, can only provide 60 megawatts. It will therefore have to be not only expanded but also converted to gas.

In a message, published on his Twitter account on Wednesday, February 24, 2021, the Palestinian Prime Minister stresses "the importance of this project to supply gas to the power plant to solve the problem of electricity in Gaza". 


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