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Israel: Gas cartel rejects government price ceiling

By  |  May 28, 2015

Antitrust commissioner David Gilo’s resignation and internal friction in the government have strengthened the natural gas companies’ self-confidence versus the government, as evidenced by the Delek-Noble Energy cartel’s flat rejection of the state’s demand for a price ceiling on gas supplies.

In addition, the four companies that own the Tamar offshore natural gas production site have signed three new gas contracts at a higher price than the one set by the government only two months ago.

The cartel companies Delek and Noble objected to setting a gas price ceiling, although the one proposed by the government derives from the current market price.

 

Full content: Jewish Business News

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