ISRAEL
 
Israel Gas Sector Development Faces Setbacks
 
While Cyprus is progressing with the development of its upstream hydrocarbon sector, Israel appears to be stalling. The country’s fledgling oil and gas industry seems to have lost the positive momentum it gained with the discoveries of the Tamar and Leviathan fields in January 2009 and December 2010 respectively.
 
“All five production wells in the Tamar field would be fully operational by January...