Israel-An Energy Leviathan?
In the last decade, Noble Energy and the Delek Group have discovered almost 40 trillion cubic feet of natural gas, offshore of Israel. For Israel, this has been an extraordinary turnaround, from energy dependence on Arab producers to energy independence and exporter. For Prime Minister Netanyahu, this abundance poses a huge foreign-policy opportunity to lock in national relationships. For Noble, it poses significance operational challenges, funding issues, and long-term political risk.