Nidal-Mughrabi: MARCH 5, 2018 / 3:36 PM
GAZA (Reuters) – Royal Dutch Shell (RDSa.L) has given up its stake in an undeveloped natural gas field off the Gaza Strip, sending the Palestinians looking for a new foreign group to replace it, Palestinian officials said on Monday.
Cabinet ministers from the Palestinian Authority said in a statement they had been informed that the energy giant was pulling out of the project and were now in the process of“trying to attract a global company” to take its place.
Shell had been struggling to find a buyer for its 55 percent stake in the Gaza Marine field, which it took over during its acquisition of BG Group in 2016.
The company did not immediately respond to an emailed request for comment.
Gaza Marine, located about 30 km (20 miles) off the Gaza coast, has long been seen as a golden opportunity for the cash-strapped Palestinian Authority to join the Mediterranean gas bonanza, providing a major source of income to reduce its reliance on foreign aid.
Plans to develop the field – estimated to hold over 1 trillion cubic feet of natural gas, the equivalent of Spain’s consumption in 2016 – were put off several times over the past decade.
The delays were due to internal Palestinian rivalry and conflict with Israel, as well as economic reasons.
With Shell’s exit, the Palestine Investment Fund, a sovereign wealth fund, remains the sole stakeholder.
A Palestinian official familiar with the matter, who spoke on condition of anonymity, told Reuters that once a potential buyer is located they will discuss options of how much control of the project could be acquired.
Additional reporting by Ali Sawafta; Writing by Nidal Almughrabi; Editing by Adrian Croft
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
