Noble Energy (USA) and Delek Group (Israel) will continue to exploit the giant gas field Leviathan, in Israel, until the end of 2019, shows a statement from the Israeli Ministry of Energy, writes Reuters. The Leviathan gas deposit has reserves estimated at 622 billion cubic meters and was discovered in 2010.

The new agreement between the institution and the two companies will lead to accelerating the development of the deposit in the eastern Mediterranean. The news comes two months after the Supreme Court in Jerusalem argued that the agreement initially signed in 2015 between the Government and the two companies is unconstitutional.

The government has proposed to revise the original text of the agreement by changing the stability clause (clause by which the government acted on behalf of Israeli companies if Parliament had proposed changes in legislation affecting development projects). The new form of the clause was accepted by both companies, writes the press in Israel.

Two of the largest gas deposits in the Mediterranean, Leviathan and Tamar, are operated by Noble Energy and Delek Group, a development which led to a lot of criticism in Israel about the monopoly established and permission to make gas exports granted to these two operators.