“The fact that we have found the two largest discoveries in the world over the past decade in the past few years has opened up for us a region of new and large activities,” Stover said. “In the coming few years, we will continue developing Tamar and Leviathan and at the same time continue our exploration activities in the region.”"} 61:{"position":4,"content":"“We plan completing development of the Tamar project by the end of 2012 and beginning to supply gas to consumers in 2013,” he said. “I expect that by the time we will begin providing gas from Tamar, we will already have started working on the next stage of developing this field to meet the growing domestic demand of recent years.”"} 62:{"position":5,"content":"Regarding Leviathan, Stover said, “Drilling the first Leviathan well has been completed, and we abandoned drilling of the second well due to difficulties. But we will very soon begin redrilling the structure.”"} 63:{"position":6,"content":"When work is finished on the second Leviathan well, the company would remain in the region and undertake additional exploration in 2012, he said."} 64:{"position":7,"content":"YAEL GRUNTMAN"} 65:{"position":8,"content":"Source: Fischer refuses 70 percent pay hike"} 66:{"position":9,"content":"Bank of Israel Governor Stanley Fischer has refused a 70 percent pay hike, a person familiar with the matter told Globes Thursday."} 67:{"position":10,"content":"On Sunday, the cabinet is expected to raise the monthly salary of the central bank’s governor from NIS 38,000 to NIS 64,000. However, Fischer has asked not to receive the pay hike, the source said."} 68:{"position":11,"content":"The salary of the Bank of Israel governor is not covered by the Bank of Israel Law. Sources in the Bank of Israel say Fischer supports the pay hike because he feels it will help the government find a topnotch

Business in Brief: May 27

Noble Energy raises its Israeli gas-reserves forecast; Source: Fischer refuses 70 percent pay hike; Greylock Israel raises $200 million.

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