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Israel: Noble suspends investments after regulator’s decision

By  |  February 19, 2015

Noble Energy announced on Thursday it would not further invest in its offshore natural gas operations in Israel until Jerusalem settles a regulatory dispute regarding the Leviathan and Tamar fields in the eastern Mediterranean.

During its quarterly earnings call, Noble said “Further investments in the expansion of Tamar, as well as the initial development of Leviathan, have been suspended until regulatory issues are resolved.”

Noble officials also stressed that they were committed to finding a solution that would be agreeable to all parties to allow for the development of Israeli natural gas reserves.

Full Content: The Financial Times

 

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