Israel’s Delek Group and Texas-based Noble Energy, who dominate gas exploration and production offshore Israel, will sell two of their smaller fields under a deal cut with Israel’s competition authorities this week.

Israel’s Antitrust Authority earlier this year ruled that the pair had been operating as a cartel (MEES, 16 May). Israel’s Energy Ministry this week gave its authorization to a deal the pair have struck with the competition authority which will see them sell the 1.8 tcf Karish and 1.2 tcf Tanin fields (see table). (CONTINUED - 312 WORDS)