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Israel’s Supreme Court suspends offshore gas deal

( March 28, 2016, 09:00 GMT | Insight) -- The Supreme Court in Israel has suspended for one year plans by Noble Energy and Delek Group to develop and export offshore natural gas reserves, ruling the arrangement unconstitutional, the Wall Street Journal reports. Under the deal, the companies w...The Supreme Court in Israel has suspended for one year plans by Noble Energy and Delek Group to develop and export offshore natural gas reserves, ruling the arrangement unconstitutional, the Wall Street Journal reports. Under the deal, the companies would have benefited from pricing and regulatory stability for 10 years. Israel’s government now must amend the deal and possibly put it to a vote in the Knesset. The country’s antitrust regulator ruled against the deal in 2014, stating that Noble and Delek held a monopoly....

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