February 2016, Vol. 243, No. 2

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Game-Changer Leviathan Gas Field Sees Serious Delays

The massive Leviathan gas field, nestled deep inside the Levantine basin off Israel’s Mediterranean coast, is considered a game-changer for both Israel and Europe, but a wide range of roadblocks is threatening development, and now production will be delayed by at least a year. Political hurdles, regulatory approvals and tricky investment decisions have already put production off until 2019, and there are now fears that all the problems surrounding a discovery that put Israel on the energy map for the first time in history will impact prospects for future foreign investment in the country. As the project landed in controversy, Prime Minister Benjamin Netanyahu—who once dubbed the giant gas

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