Recent Developments in the Israeli Electricity Sector: Focusing on Privatisation and Renewable Energy
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Meitar partner and head of Energy and Infrastructure Group, Renelle Joffe contributed a chapter to The ILO (International Law Office) online news magazine. The chapter is an overview of the Regulatory regime for acquiring petroleum rights in Israel.
Since the discovery of the Tamar natural gas field offshore Israel in 2009, there has been a significant increase in the number of transactions connected to the acquisition of interests in petroleum rights in Israel. The bulk of these acquisitions have been carried out not by acquiring new licences, but instead by farming into existing ones – whether directly by acquiring working interests in existing licences or indirectly by acquiring equity or other interests in the licence holders. Israel is a small country and therefore most of the relevant areas, especially offshore, have already been licensed out.
The full update is available through the PDF icon.