FT: Noble urges Israel to set gas policy

Noble Energy said it was considering piping natural gas from Israel’s big offshore fields to Jordan or Turkey, but urged Benjamin Netanyahu’s government to make a decision on its export policy soon, warning the “clock is ticking”.

Charles Davidson, the US company’s chief executive, also said Israel would deter companies from investing in the sector if it raised tax on gas retroactively again, as it did in 2010 after Noble had invested $1bn into the Tamar offshore field.

The executive’s remarks come amid signs of resurgent resource nationalism in Israel.  MORE