Birdwatch Note Rating
2024-07-11 16:31:13 UTC - HELPFUL
Rated by Participant: 3EED8488413DB52F6A0FDF9619E9E06B48621DCB3DA73E420C22FEA68CE2A438
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Original Note:
The $500 billion amount is the value of gas and oil in the entire Levant Basin, an area much larger than Gaza alone. UN report: https://unctad.org/publication/economic-costs-israeli-occupation-palestinian-people-unrealized-oil-and-natural-gas#:~:text=The%20new%20discoveries,the%20different%20parties Levant Basin maps: https://wiki.seg.org/wiki/Levantine_Basin https://www.usgs.gov/media/images/map-levant-basin-province-eastern-mediterranean https://pubs.usgs.gov/fs/2010/3014/pdf/FS10-3014.pdf Gaza has an undeveloped offshore gas field, with an estimated value much less than $500 billion. https://moderndiplomacy.eu/2023/09/18/the-potential-of-palestinian-gas-and-the-role-of-regional-powers-from-promise-to-action/#:~:text=In%20case%20a%20final%20agreement%20is%20reached%2C%20the%20field%20that%20contains%201%20trillion%20cubic%20feet%20of%20gas%20is%20expected%20to%20generate%20revenues%20worth%20approximately%20%242.5%20billion%20over%20its%2015%2Dyear%20life%20span https://www.mesp.me/2024/02/13/between-tales-and-facts-the-long-saga-of-gaza-marine/#:~:text=The%20same%20report,social%20media%20platforms https://www.reuters.com/business/energy/israel-gives-nod-gaza-marine-gas-development-wants-security-assurances-2023-06-18/ https://en.wikipedia.org/wiki/Natural_gas_in_the_Gaza_Strip#:~:text=The%20chances%20further%20diminished%20with%20the%20discovery%20of%20major%20gas%20fields%20in%20the%20Israeli%20economic%20waters%20in%202009%20and%202010%2C%20making%20Israel%20an%20unlikely%20customer%20for%20the%20Palestinian%20gas.%20As%20of%20early%202015%2C%20Gaza%27s%20natural%20gas%20was%20still%20underwater%20and%20the%20same%20for%20almost%20all%20of%20the%20Levantine%20gas
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