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JERUSALEM, May 26 (Reuters) - Israeli Prime Minister Benjamin Netanyahu vowed to further develop offshore natural gas fields after the country's anti-trust regulator said he would step down to protest against the lack of competition in the gas sector. Noble and Delek own 85 percent of Leviathan, which has an estimated 22 trillion cubic feet (622 billion cubic metres) of reserves. Production had been expected to begin in 2018 following an initial investment of around $6.5 billion but development has been frozen. Gilo caused an uproar in December when he ruled that Noble and Delek may constitute a monopoly over their control of Tamar and Leviathan. Yossi Abu, chief executive of Delek Drilling - a unit of Delek Group - said there needs to be a regulatory environment that will enable the development of existing discoveries and exploring for new ones. "There exists significant potential for further oil and gas discoveries ... and we should not miss this historic opportunity," Abu told an energy conference. "Israel can produce a real market and not an artificial one, not a gas market run by the regulators," he said, adding that Israel can become a regional gas superpower and fill state coffers with hundreds of billions of shekels. Similarly, Energy Minister Yuval Steinitz warned that Leviathan must be developed soon, since sanctions on Iran could be removed which could harm potential export deals of Israeli gas. Allowing investments, he said, was critical. (Reporting by Steven Scheer, editing by David Evans)
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Noble Energy
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CODE : NBL |
ISIN : US6550441058 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Noble Energy is a producing company based in United states of america. Noble Energy is listed in United States of America. Its market capitalisation is US$ 4.9 billions as of today (€ 4.1 billions). Its stock quote reached its highest recent level on May 09, 2008 at US$ 97.39, and its lowest recent point on August 31, 2020 at US$ 10.00. Noble Energy has 492 191 992 shares outstanding. |