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Israel: Tamar gas reserve declared a monopoly

 |  November 13, 2012

The Antitrust Authority of Israel has declared the Tamar gas reserve a monopoly. The reserve, located in the Mediterranean Sea, will be obligated to report price figures and profits, effective mid-2013, according to general director David Gilo. The regulations will also affect every partner in Tamar, including Leviathan and Shimshon. The regulations specific to monopolies are implemented under the Restrictive Trade Practices Law, legislation that aims to prevent behavior from the monopoly that may be harmful to competition or consumers.

Full Content: The Jerusalem Post

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