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Israel: Decision on status of gas companies postponed

By  |  February 24, 2015

Israel Antitrust Commissioner David Gilo announced on Tuesday that he would be postponing his decision regarding the status of the Delek Group and Noble Energy, in order to enable further negotiations between the gas companies and the government..”

The future of the two companies, which are the main shareholders in both the Tamar and Leviathan gas reservoirs, became uncertain when on December 23, Gilo announced that he would be reconsidering whether their presence in Israel’s Mediterranean gas sector constitutes an illegal “restrictive arrangement,” similar to a cartel.

In addition, the commissioner nixed his support for a proposed consent decree that would have allowed the companies to simply sell two smaller gas reservoirs, in favor of remaining in both Tamar and Leviathan.

 

Full Content: The Jerusalem Post

 

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