Israel Delays Key Gas Development Vote

Israeli Prime Minister Benyamin Netanyahu has held off on calling an extraordinary parliamentary session, despite approval from his cabinet of a framework deal with US firm Noble and local firm Delek, aimed at rebooting the country’s upstream sector.

The PM is unsure whether he will have a majority in the Knesset, though current speculation is that a bare majority of 61 of the 120 MPs will back the deal.

The main cause for concern for Mr Netanyahu’s Likud party is the fact that MPs from Finance Minister Moshe Kahlon’s Kulanu party, part of the ruling coalition, will fail to give their support. A vote will most likely take place on 2 September when parliament reconvenes after the summer break. (CONTINUED - 818 WORDS)