Netanyahu buys time to resolve political problems over gas deal


  • World
  • Tuesday, 30 Jun 2015

Israel's Prime Minister Benjamin Netanyahu attends a Foreign Affairs and Defence committee meeting at the parliament in Jerusalem June 29, 2015. REUTERS/Ronen Zvulun

JERUSALEM (Reuters) - Prime Minister Benjamin Netanyahu has won more time to overcome a political hurdle after parliament postponed a vote on authorising the government to secure a deal on developing Israel's natural gas fields.

The proposed gas agreement has prompted a national debate over monopolies and profits for big oil companies because it would allow Texas-based Noble Energy and Israel's Delek Group to keep ownership of the massive offshore Leviathan and Tamar fields, which could turn Israel into a major energy exporter.

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