An Israeli Navy vessel (R) patrols near an Israeli gas platform, run by a U.S.-Israeli energy group that also controls the undeveloped Leviathan field, in the Mediterranean sea in this file picture taken August 1, 2014. REUTERS/Amir Cohen
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The owners of Leviathan, Israel's largest natural gas field, began moving on development plans delayed for years by political, legal and regulatory wrangling.The last obstacle to developing the field was swept away last month when the government approved the companies' two-stage plan to drill a total of eight wells producing 21 billion cubic meters of gas a year.Delek Group Ltd., which owns about 45 percent of the field through its units Avner Oil Exploration LLP. and Delek Drilling, rose 2.4 percent to 761 shekels, the highest level in more than 5 months, at 10:52 a.m. in Tel Aviv. Ratio Oil Exploration 1992 LP, which holds a 15 percent stake, added 2 percent to reach a three-week high.
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