Israel Energy Minister Sees Gas Spat Ending In A Couple of Months

30 Mar 2016   Israel

Israel’s energy minister said on Tuesday he believes recent turmoil in the country’s natural gas sector will be resolved within a couple of months, before too much damage is done. Israel’s highest court this week barred the government from giving a 10-year guarantee to energy companies interested in developing the Leviathan offshore gas field. The move could delay Israel’s emergence as a regional natural gas exporter. “I was surprised. I thought that even the Supreme Court could not neglect, could not ignore the situation and the potential economic damage to Israel,” Energy Minister Yuval Steinitz told Reuters in an interview. “Many similar gas operations in deep water already have been canceled worldwide and we are trying to save our own.” Without a government […]

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