מרכז המדיה

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.

העדכון המלא זמין לקריאה באמצעות לחיצה על אייקון ה- PDF.

העדכון המלא זמין לקריאה באמצעות לחיצה על אייקון ה- PDF.

העדכון המלא זמין לקריאה באמצעות לחיצה על אייקון ה- PDF.

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 legal framework applicable to Israel’s energy & natural resources. This is the first article contributed by Israel in the energy and natural resources section of the ILO.

Israel has an installed electricity capacity of 12,000 megawatts, which is based almost exclusively on fossil fuels. Until the discovery of natural gas offshore, all fuels were imported. The introduction of natural gas into Israel’s fuel basket is dramatically changing the energy landscape, allowing for the introduction of independent power producers (IPPs) and modernisation of the market. Renewable energy is also slowly penetrating the market, predominantly in the photovoltaic sector.

The full update is available through the PDF icon.