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Doha, Qatar. Revenge for al-Jazeera coverage? Photo: Roee Nahmias
Doha, Qatar. Revenge for al-Jazeera coverage? Photo: Roee Nahmias
 
 

Report: Qatar offering Israel gas

According to Arab media, Qatari industry minister tells Israeli counterpart his country ready to supply natural gas to Jewish state 'for an unlimited period of time and below market prices'

Doron Peskin
Published: 05.05.11, 08:32 / Israel Business

Several newspapers and Internet forums in the Arab world are reporting that Qatar has expressed its willingness to supply natural gas to Israel instead of Egypt. The reports' sources have not been disclosed.

 

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According to the reports, Qatar's Industry and Commerce Minister Hassan Abdulla Fakhro told his Israeli counterpart in a phone conversation that his country was willing to export natural gas to the Jewish state "for an unlimited period of time and below market prices".

 

The Israeli minister, the reports said, "voiced his appreciation for the Qatari government's stance" on the issue.

 

It should be noted that Qatar is an important player in the global natural gas market. It controls 15% of the world's gas reserves and is considered a leading global supplier in this field.

 

Reports on talks between Israel and Qatar on the issue of a gas deal have surfaced in the past. Initial talks were held in the early 1990s, but in 1997 Israel declared that the option was no longer on the table.

 

In 2008, then-Foreign Minister Tzipi Livni met with the Qatari energy minister and discussed the possibility of importing natural gas from his country. The talks did not materialize into a deal.

 

It is unclear whether the reports published Wednesday are true. The attempt to link Qatar to Israel may have been initiated by different Arab elements as an "act of revenge" following the coverage of the recent revolutions in the Arab world by the al- al-Jazeera network, which is owned by the government in Doha.

 

Doron Peskin is head of research at Info-Prod Research (Middle East) Ltd  

 

 

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