The Gas and Oil industry in Israel suffers from over regulations
Adv. Eldad Koresh, managing partner in our firm, was part of an expert's panel on the subject of "Conflicting claims and the delimitation of maritime borders- applying the rule of law" as part of the "The Annual Mediterranean Gas Conference" conducted in the Hilton hotel in Tel Aviv.
Adv. Koresh explained that the oil and gas exploration industry in Israel is affected by various sets of rules and regulations, which may create a standstill in its development and discourage the key players of the industry.
According to Adv. Koresh, in order for Israel to shape this industry and build it on strong and solid foundations, there should be one regulatory entity which will determine the regulations affecting this industry.
For a picture from the panel click here.
Read more about our Energy and Infrastructure practice.