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[Israel Awards Gas Exploration Licenses To BP, Socar, And Newmed Energy] Israel Granted Licenses To BP, Azerbaijan's Socar, And Israel's Newmed Energy To Explore For Natural Gas In Two Offshore Blocks (cluster I, 1,700 Sq Km) Near The Leviathan Field. Socar Will Operate The Exploration Consortium, While BP Enters Israel's Gas Sector For The First Time. Each Company Will Hold About A Third Of The Rights In Each License As Israel Aims To Increase Domestic Reserves And Exports Amidst Rising Gas Exports (13.4% In 2024).
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