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Antitrust Case Complicates Israel’s Energy Future (CRS Report for Congress)

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Release Date Feb. 27, 2015
Report Number IF10140
Report Type In Focus
Authors Michael Ratner, Jim Zanotti
Source Agency Congressional Research Service
Summary:

In 2009 and 2010, U.S.-based exploration and production (E&P) company Noble Energy (see below for brief description), along with its private Israel-based partners, made two large natural gas discoveries offshore of Israel—the Tamar and Leviathan fields, respectively. Israel does not have a significant E&P sector and thus relies on the expertise of international companies, particularly in offshore work. These discoveries, and the production from Tamar that began in 2013, have changed Israel’s energy consumption mix, strengthened its energy security, lowered its carbon emissions, and led to trade benefits.