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Israel: Bank of Israel disagrees on natural gas outline

By  |  August 10, 2015

Bank of Israel Governor Karnit Flug ended a long silence on one of the most contentious issues in Israel today, saying she backs the government’s framework plan for the natural gas industry but urges it to make some amendments.

“The outline does not achieve the ideal result, but it does contain many advantages for the economy,” Flug said in an address at the Supreme Court on Monday devoted mainly to other economic subjects.

“The Bank of Israel supports the main points of the outline and progress toward its implementation.”

Flug said the government should set milestones which the companies must meet in developing the giant Leviathan field, and that government must have safeguards in place in case of delays in developing Leviathan.

Full content: The Jerusalem Post

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