US-based Noble Energy has called on the Israeli Government to speed-up regulatory approval for Tamar and Leviathan fields in the Mediterranean Sea.

Noble Energy chairman, president and CEO David Stover said: "Under the leadership of the prime minister and the minister of energy and water resources, a regulatory framework meeting these objectives has been overwhelmingly approved by the Israeli cabinet and yesterday was presented to the Knesset.

"It is imperative that the Government of Israel follow through on this approved framework without further delay."

The company noted that it is continuing discussions with natural gas customers throughout the region.

"It is imperative that the Government of Israel follow through on this approved framework without further delay."

The Egyptian Government also reiterated its support for the import of gas from Israel for domestic, as well as LNG export purposes.

In July, a new plan was proposed by Israel to involve Noble Energy and Delek Group to retain control of the Leviathan offshore project.

At present, the companies own a number of newfound gasfields.

Tamar field is located in Israel’s exclusive economic zone, roughly 80km west of Haifa in waters and 1,700m deep, while Leviathan gasfield is located 130km west of Haifa in water depth of 1,500m in the Levantine basin.

Noble Energy has proven reserves of 1.7 billion barrels of oil equivalent at 2014 year-end.

The company added that Egypt is keen to import of natural gas from Israel for domestic use.

"Noble Energy continues its ongoing discussions with natural gas customers throughout the region, and yesterday the Government of Egypt publicly reiterated its support for the import of gas from Israel for both domestic and LNG export purposes.

"We are confident that the quality of our Israel assets, extensive appraisal and planning efforts, and proven track record of project execution and operating performance position us well to supply natural gas to the substantially underserved regional market."