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Israel may work with Palestinians on gas project.

Reuters reports that Israel and one of the governing Palestinian groups are working on an agreement that would allow for natural gas exploration off the coast of Gaza in the Mediterranean Sea.

Though Palestine is under a continual blockade both by land and by sea, making commerce a near impossibility, peace envoy and former British Prime Minister Tony Blair was able to negotiate with Israeli Prime Minister Benjamin Netarlyahu to open up the coastal waters off the western Gaza Strip. In turn, the Palestinian Authority would collect duties on all of the natural gas produced.

Israel Business reports Lithuania could begin increasing imports from Israel, providing a greater market for production from Palestinian waters.
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Title Annotation:International
Publication:Pipeline & Gas Journal
Date:Nov 1, 2012
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