Energy Minister Silvan Shalom said on Tuesday natural gas companies operating offshore Israel will have to sell some of their reserves to avoid being deemed a monopoly.
His comments were the most explicit to be made in public since the country’s antitrust authority said in December the US-Israeli partners who discovered two large natural gas fields in the eastern Mediterranean may constitute a monopoly.
“Part of the decision will be that the gas companies will have to give up some of the reserves they have. What can you do? It will happen,” Shalom told an energy conference in Tel Aviv. “Sadly, I don’t see a lot of new players waiting to come here.”
Shalom said the government was working to find a balance between increasing competition and ensuring Tamar and Leviathan were developed.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Justice Department Moves to End NCAA Transfer Rule
May 30, 2024 by
CPI
Kenya’s Competition Authority Proposes Tougher Regulations on Big Tech
May 30, 2024 by
CPI
KKR Secures EU Antitrust Approval for $24 Billion Acquisition of Telecom Italia’s Fixed-Line Network
May 30, 2024 by
CPI
European Court Sides with Tech Giants in Italian Regulatory Dispute
May 30, 2024 by
CPI
US Steel and Nippon Steel Secure International Approvals for $14.9B Merger
May 30, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Healthcare Antitrust
May 31, 2024 by
CPI
AI and Antitrust Considerations in U.S. Health Care
May 31, 2024 by
CPI
Uncertainty in the Bottom Line: New Antitrust Scrutiny and Enforcement in Private Equity Transactions
May 31, 2024 by
CPI
Effecting M&A Diligence When Competitors Are Involved
May 31, 2024 by
CPI
AI, Pharmaceutical Sector, and EU Competition Law and Policy: What Does the Future Look Like?
May 31, 2024 by
CPI