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
Federal Antitrust Trial Explores Potential Impact of Tapestry-Capri Merger
Sep 12, 2024 by
CPI
Australia Targets Big Tech with New Fines for Misinformation
Sep 12, 2024 by
CPI
Mastercard to Acquire Cybersecurity Firm Recorded Future for $2.65 Billion
Sep 12, 2024 by
CPI
Ireland Prime Minister: Apple’s €13 Billion Payment Could Fund Housing and Capital Projects
Sep 12, 2024 by
CPI
Regulators Probe Swisscom’s $8.8 Billion Vodafone Italia Deal
Sep 12, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández