Gov’t seeks exit of both Delek, Noble from Tamar reservoir

Aiming to resolve a stalemate that has all but frozen the country’s natural gas development, government officials are demanding that the Delek Group and Noble Energy exit the offshore Tamar reservoir and market their shares in the neighboring Leviathan basin separately.

The officials presented an outline to the companies on Wednesday, aimed at putting an end to a nearly two-month-long situation in which the reservoir partners and the Israel Antitrust Authority have been butting heads. They unveiled portions of their plan to journalists on a conference call involving representatives from the Finance Ministry, the Antitrust Authority, the National Economic Council in the Prime Minister’s Office, and the National Infrastructure, Energy and Water Ministry.

Source: http://www.jpost.com/Israel-News/Govt-seeks-exit-of-both-Delek-Noble-from-Tamar-reservoir-391480

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