Noble Energy's plans for gas field projects in Israel were boosted in December when the government began to implement section 52 of the Restrictive Trade Practices Act and the new natural gas framework. This will enable Noble to focus on expanding production from the Tamar field and develop the giant Leviathan discovery. Noble's plans were temporarily frozen while the legislation was written to exempt these developments from antitrust authorities. The natural gas framework establishes the regulatory certainty and stability necessary to proceed with these developments while providing transparency for future domestic pricing and natural gas competition in Israel. It enables Noble to market Leviathan gas in Israel and to make a final investment decision before the end of 2016. By then, Noble would have contracted subsea construction and support services, drilling rigs and OSVs.
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