Businessupdated 28m ago2 min read
BDS Claims Dana Petroleum Withdraws From Israeli-Led Gaza Gas Project After Eni Exit
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Dana Petroleum withdraws from Israeli-led Gaza gas project after Eni's earlier exit. BDS claims victory as major energy firms exit Gaza-focused gas project.
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Dana exits Gaza gas consortium
BDS movement figures said Dana Petroleum withdrew from an Israeli-led gas project off Gaza, after Italian energy giant Eni had withdrawn earlier in March of this year. The BDS Movement | Other source said the consortium had been formed to “illegally aid Israel’s colonial pillage of Palestinian offshore gas reserves,” and it described Dana Petroleum as a “Korean-Scottish energy company” headquartered in Scotland.
The BDS Movement | Other source also said the consortium had included Israel's Ratio Energies, Italian energy giant Eni, and Dana Petroleum, a subsidiary of the Korea National Oil Corporation (KNOC) that is headquartered in Scotland. Juman Muhammad, International Campaigns Manager with the BDS movement, said, "The withdrawal of Dana Petroleum and Eni from what has rightly become a toxic project is a massive win for the BDS movement."
Pressure targets Murphy Oil
The BDS Movement | Other source said the Palestinian-led global movement called for immediate pressure on Murphy Offshore Oil, a US based fringe player in the energy market apparently replacing Dana. Dave Black, Energy Apartheid campaign lead at Scottish Palestine Solidarity Campaign (SPSC), said, "Murphy Oil, which has now taken the place Dana and Eni abandoned, should expect exactly the same treatment."
Bora Noon, of BDS Korea, said, "We call on President Lee Jae Myung, who has called Netanyahu a war criminal, to translate words into actions" by cutting ties between the Korean government and Israel. The Morning Star source also framed Dana’s withdrawal as a victory for BDS, and it quoted Juman Muhammad welcoming Dana’s decision as a "major win."
Business and policy stakes
The BDS Movement | Other source said the BDS movement had warned investors, insurers, banks and contractors across the supply chain against enabling Murphy Oil and Ratio Energies. The BDS Movement | Other source also said the movement had previously warned corporations complicit in Israel’s atrocity crimes and human rights violations against Palestinians to end their complicity or face escalating BDS pressure including divestment, exclusion from contracts, mass protests, and possible criminal litigation.
Friends of the Earth Scotland’s Kate Whitaker said, "Right now, families in Gaza are living in tents and facing deadly flooding," and she added that drainage systems were failing due to fuel being withheld by Israel. The BDS Movement | Other source described the project’s background as starting in October 2023, when Israel awarded licences to a consortium for the exploration of natural gas within Palestinian waters.