Bank of Israel governor Karnit Flug said on Monday the roadmap recently outlined by Prime Minister Benjamin Netanyahu, which is still awaiting approval from the Cabinet and parliament, was not ideal but was the right way forward for the economy, Reuters reported.
Netanyahu has though so far struggled to muster enough support in parliament to gain backing for the framework agreement reached in June with US independent Noble Energy and local partner Delek Group, which control most of Israel’s gas reserves and are looking to develop the giant Leviathan gas field
The pact would allow the pair to retain ownership of Leviathan – the largest offshore field – but would require them to sell off other assets, including stakes in the producing...
