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A landmark ruling in Israel could pave the way for an exploration restart following months of inactivity fueled by regulatory uncertainty. The government, citing “national security,” is close to bypassing last year’s anti-trust ruling.
Israel’s government has grown impatient with the impasse caused by December’s Antitrust Authority (ATA) ruling that sought to break up US firm Noble and Tel-Aviv based Delek’s dominant position in offshore natural gas discoveries. It appeared to have finally made a breakthrough. But another roadblock has been hit, just when it appeared that a loophole had been discovered to circumvent the ATA. (CONTINUED - 987 WORDS)