Fueling new hope in the region, Eastern Mediterranean nations rush to get their share of a gas bonanza, but political and commercial issues between them leave the fate of the region in a state of uncertainty.
Israeli authorities approved a deal on May 22 aimed at speeding up the development of a mega offshore gas reservoir which could pave the way for supplying Europe with natural gas from the Eastern Mediterranean.
Progress in developing the Leviathan gas field stalled in late 2014 when Israel’s Antitrust Authority declared Texas-based firm Noble Energy and Israel’s Delek Group, which together own 85 percent of the field and were set to invest a total of $12.5 billion, part of an "illegal cartel."
