Israeli-Palestinian energy deal signed

03 December 2003
Israel and the Palestinian Authority (PA) on 2 December signed a plan outlining future energy sharing between the two authorities. The Israeli Minister of National Infrastructure, Joseph Paritzky, and the Palestinian Minister of Energy & Natural Resources, Azzam Shawwa, signed the plan in Rome, which has been drafted with support of the EU. The plan outlines measures that will lead to the building of a joint electric generation plant, development of an electric interconnection between Gaza and Netivot, a gas interconnection between Ashkelon and Gaza, definition of a joint framework for exchange and trade in electricity, development of co-operation on renewable energy and the setting-up of a common platform for the follow-up of Israeli-Palestinian energy co-operation.

'As for European countries after World War II, the energy dialogue must contribute to reconciliation and co-operation, in order to overcome the oppositions and conflicts, and take commitments for more interdependence and solidarity' said European Council vice-president in charge of energy and transport, Loyola de Palacio. 'In this respect, the joint declaration between Israel and PA is significant and represents for all parties a real message of hope'.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.