Israel’s antitrust commissioner has resigned after Prime Minister Binyamin Netanyahu’s government refused to end an effective monopoly on gas extracted from the Mediterranean, according to a letter made public Monday, AFP reported.
David Gilo expressed his opposition to the dominant position of US giant Noble Energy and its Israeli partner Delek to exploit gas from the Leviathan and Tamar offshore gas fields in the letter sent to Economy Minister Aryeh Deri.
His resignation, due to take effect in August, saw Delek’s share price immediately rise by more than three percent during Monday trading on the Tel Aviv Stock Exchange.
In his letter, Gilo wrote that preserving the stranglehold of Noble and Delek on the natural gas market “undermines competition, and the power of authority” of the Antitrust Authority.
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Federal Judge Orders Google to Open Android App Store Amid Antitrust Pressure
Oct 7, 2024 by
CPI
Federal Judge Greenlights FTC’s Antitrust Lawsuit Against Amazon, Tosses Some State Claims
Oct 7, 2024 by
CPI
Supreme Court Rejects Uber and Lyft’s Appeal in California Gig Worker Suits
Oct 7, 2024 by
CPI
Supreme Court Sidesteps 5-Hour Energy Pricing Case, Allowing Antitrust Claims to Proceed
Oct 7, 2024 by
CPI
Tempur Sealy and Mattress Firm Argue FTC Proceedings Are Unconstitutional in New Suit
Oct 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh