Israel is set to review rules regulating its gas industry by mid-2018. Local energy executives are clamoring for change. Stalled development of discoveries and the latest flopped bid round suggest they have a point.

Israeli energy minister Yuval Steinitz tells MEES that Israel plans to announce the winners of its latest bid round next week. It will be a short announcement. The only two bidders were Greek firm Energean, which holds the 3tcf combined Karish and Tanin fields and a consortium...