In December 2022, Israeli Ministry of Energy launched the Fourth Offshore Bid Round offering new exploration licenses. A year later, it awarded licenses to several Israeli and international companies: Eni (Italy), Dana Petroleum (UK, a subsidiary of a South Korean company, and Ratio Petroleum (Israel). The problem is that these tenders violated international law. A few months later in June 2023, following years of stalled talks, Israel approved the development of the Gaza Marine field, while Egypt’s state-owned EGAS (Egyptian Natural Gas Holding Company) was to lead extraction efforts in cooperation with the Palestinian Authority.

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