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HERZLIYA, Israel The head of the U.S. company leading natural gas
exploration off Israel's coast on Thursday urged the country to develop
a national gas export policy, warning that government tax policy was scaring
off potential investors.Charles Davidson, CEO of Texas-based Noble Energy,
criticized Israel's decision in 2011 to nearly double tax rates on gas
profits after his company had already invested $1 billion in an offshore
field. He said the "very unusual" move may have driven away companies
from investing in Israel's emerging gas sector.He said he sensed hesitation
from potential investors who could help develop the Leviathan field, a large
find that is expected to produce enough gas for export."I felt that
.. companies were a little bit reluctant because of what had happened
on taxes in the past," Davidson said at the company's local offices
in the coastal town of Herzliya.In 2011, Israel's government raised taxes
on gas and oil finds, boosting the revenues to between 52 and
62 percent from under 30 percent.Davidson is in Israel after gas from
Tamar, one of Israel's new, sizable fields, started being extracted last
month. He hopes to convince authorities to agree on an export policy
that would provide clarity for investors looking to develop the resource.
For now, the gas is being used for domestic use only and
sold at fixed, previously negotiated prices.On Wednesday, Davidson met Israeli
Prime Minister Benjamin Netanyahu and
ears the implosion of North Korea's impoverished
state and the regional instability that would cause far more immediate damage
than the North's nuclear proliferation and missile program. And China remains
wary of any enhanced U.S. involvement in its backyard."If anyone has real
leverage over the North Koreans, it is China," U.S. Director of National
Intelligence James Clapper told Congress Thursday. "And the indications
that we have are that China is itself rather frustrated with the
behavior and the belligerent rhetoric of ... Kim Jong Un."China's role in
containing North Korea is expected to be front and center when Kerry
arrives in Seoul on Friday. He then travels to Beijing and Tokyo.At
a meeting Wednesday in London, Kerry and Japanese Foreign Minister Fumio
Kishida "discussed the special role China can play in exerting pressure
on the North Korean leadership," according to a State Department official
who was present.Kerry, the official added, stressed the need to "change
the dynamic in North Korea, and he emphasized the importance of continuing
to put pressure on North Korea with economic sanctions." The official wasn't
authorized to speak publicly on the closed-doors meeting and demanded anonymity.Kerry
and the other foreign ministers from the Group of Eight industrialized nations
"condemned in the strongest possible terms" Thursday the North's nuclear
weapons and ballistic missile programs."They condemned DPRK's current aggressive
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