Coming after two-year delay, agreement paves way for giant reserve to be financial viable and begin development for production.
Energy Ministry delegation in London in road show ahead of November license tender.
Energy Minister Yuval Steinitz, in London at start of roadshow, courts investors.
IPO would be conducted overseas or in Tel Aviv and would value the new entity at as much as $1.5 billion.
Delek Group sigs deal to sell its interest in Karish and Tanin to a Greece's Energean, Themarker has learned.
Tenders would be the first after a four-year hiatus caused by regulatory upheavals.
High temperatures and high prices for domestic gas are causing the utility to turn to imported gas.
After a rapprochement is reached with Ankara, Israel hopes to export gas to Turkey across Cypriot waters. But Cyprus, that doesn't have diplomatic ties with Turkey, gives a red light.
Deadline is next February, but buyers are put off by sale conditions and market doldrums.
Bank of Israel intervenes in currency market; Mutual funds see big redemptions in 1st half; Tel Aviv shares edge higher in quiet trading.