A PYMNTS Company

Israeli Watchdog Says Noble, Delek Must Not Have Veto On Tamar Gas

By  |  April 13, 2020

The Israel Competition Authority ordered the partners in the Tamar gas field, including Noble Energy and Delek Drilling, one month to make new arrangements between them to allow competition with the Leviathan gas field.

    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.

    Partners in the Tamar field that do not own stakes in the Leviathan field’s reserve have complained that Noble and Delek, which own a combined 47% stake in the Tamar field, have vetoed gas sales to Israel Electric in favor of Leviathan gas, where they have an 85% stake.

    The Israeli regulator is demanding the Tamar field compete in price with the Leviathan field, which it claims is being prevented by Noble and Delek.

    Full Content: Seeking Alpha

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