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Policy & Regulation

Israel talks could boost competition in gas sector

Israel is looking for a way to get a wider range of international companies involved in its Leviathan gas development Israel is looking for a way to get a wider range of international companies involved in its Leviathan gas development.
By Rachel Williamson 21 April 2016 Middle East & Africa / Policy & Regulation 0 20012
Israeli PM Benjamin Netanyahu (left) with Noble Energy CEO Charles Davidson. (Office of Israeli Prime Minister)

The Israeli government is looking at several new options to secure the involvement of IOCs in the Leviathan gas development, a move it hopes will create the kind of competition sought by the country’s Antitrust Authority.

Talks between the government and IOCs began in April, and while neither the government nor the companies involved have yet commented on what has been said, industry figures say possible methods of attracting new players could include legislation and a kind of government bond as a guarantee against future regulatory...