In June, Israel gave preliminary approval for the development of a gas field off the Gaza Strip. The Gaza Marine field is 30 km offshore and is estimated to hold more than a trillion cubic feet of gas.
Hamas has affirmed their rights to the resources offshore Gaza.
Prime Minister Netanyahu’s office linked approval to progress on “preserving the State of Israel’s security and diplomatic needs.”
Hopes for developing the Gaza Marine field have presumably been dashed along with the associated economic benefits for the people of Gaza.
Bud's Offshore Energy (BOE) 