A PYMNTS Company

Israel: Home-gas supplier to face antitrust charges

By  |  January 2, 2019

On Monday, December 31, Israel’s antitrust regulator announced it was weighing an indictment against the gas suppliers Amisragas and Pazgas for allegedly conspiring to prevent a third company from competing with them, reported Haaretz.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The authority stated a final decision on filing an indictment against the two companies as well as their top executives would come after a preliminary hearing.

    According to documents from the authority, the case dates from the second half of 2016 when a supplier called Kolbogas began to compete more vigorously in the Be’er Sheva area, in southern Israel, a market where until then there was almost no customer churn. The authority alleges that Amisragas and Pazgas shared information on their rival to undermine its attempt to win new customers.

    The Israeli market for home natural gas in worth about 800 million shekels (US$214 million) annually.

    Full Content: Haaretz

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.