Related Articles
Report
Forward article link
Share PDF with colleagues

Israel's time to deliver

Israel may at last start to put its plentiful offshore gas discoveries to use, domestically and regionally

Six years after Noble Energy discovered the giant 22-trillion-cubic foot Leviathan gas-field, the project that was to transform Israeli energy prospects has yet to start. The delay has cost the country $26bn in lost revenue, says energy minister Yuval Steinitz. Finding foreign buyers for liquefied natural gas was one problem. But domestic Israeli politics and laws also kiboshed the original export dream. Israel's antitrust regulator challenged the dominance of Noble and its Israeli partner Delek Drilling in the country's energy sector, leading to a dispute with the government that threatened to sink Leviathan altogether. Finally, in June this year a deal was reached under which Noble agreed

Also in this section
Refiners and finance: who's winning and where?
20 April 2018
Companies that splurged on sophisticated capacity additions, like Repsol and Tüpraş, and the majors with balanced upstream-downstream portfolios will benefit most
Middle distillates take centre stage
20 April 2018
Oil-product demand, especially for middle distillates, is rising more quickly that processing capacity. It's good news for refiners
Shipping sector braces for emissions storm
20 April 2018
Is the fuel oil market ready for tighter carbon and sulphur emissions rules on shipping?