The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will fall by NIS 0.12 to NIS 5.34 per liter on Saturday night, November 1.
Delek Group will now issue bonds worth $151 million against royalties from the Leviathan gas field.
The proceeds of the bond offering will replace existing debt financing solar energy projects.
The solar energy farm is near the Glilot Interchange between Tel Aviv and Ramat Hasharon.
The existing Eilat Ashkelon pipeline will save the expense and time of shipping oil from the Gulf through the Suez Canal.
Targets for power production from renewable resources are not being met, while the Transport Ministry has failed to curb private car use.
The buyers are real estate company Lahav LR and Uri Mantzur
Market sources say that the first-ever oil major to come here would not have acquired Noble Energy without Israel's improved relations with the Gulf states.
Asa Levinger leads Energix, a green energy company now worth four times as much as natural gas company Delek.
Gasoline prices in Israel to fall Sat night