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Italy: Edison suspends talks to buy two Israeli gas fields

By  |  February 9, 2015

Italy’s Edison is reconsidering buying two Israeli gas fields due to rising regulatory uncertainty and negotiations have been suspended, Reuters reported on Monday.

Edison, owned by France’s EDF, was in talks to buy the offshore Tanin and Karish gas fields from a consortium comprised of US explorer Noble Energy and Israel’s Delek Group.

Negotiations with Edison were nearing completion until the antitrust authority in December deemed its earlier decision was insufficient and unexpectedly called for the breakup of additional Noble-Delek gas assets.

 

Full Content: Jewish Business News

 

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