Israeli Prime Minister Benjamin Netanyahu and and National Infrastructure, Energy, and Water Minister Yuval Steinitz presented a revised plan for developing the Leviathan natural gas field in the Mediterranean Sea, The Jerusalem Post’s Sharon Udasin reported today.

The new document, whose additions focus on pricing schemes, development of the Leviathan reservoir and governmental stability, will be brought to the cabinet for ministerial approval on Sunday.

“There is every reason to adopt this outline,” Netanyahu said at a press conference in his Jerusalem office on Thursday. “I will bring this outline to the government on Sunday. I’m sure we will pass it by a large majority of votes, justly, and we will move forward for the benefit of the Israeli economy and Israeli citizens.”

The compromise outline is the result of more than half a year of negotiations, which began after Antitrust Commissioner David Gilo’s December announcement that he would review whether the market dominance of the Delek Group and Noble Energy constituted an illegal “restrictive agreement.” After initial negotiations concluded, the National Infrastructure, Energy and Water Ministry released a draft version of the outline’s terms to the public on June 30.

Texas-based Noble Energy and the Israeli Delek corporation would need to reduce or eliminate their holdings in other natural gas fields.

The natural gas discoveries have raised hopes that Israel could benefit both financially and diplomatically from its newfound natural resource.

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