Netanyahu orders position prepared on gas cartel decision

Benjamin Netanyahu  picture: Reuters

Prime Minister's Office sources: The prime minister has no power to intervene.

Sources at the Prime Minister's Office said yesterday evening that Prime Minster Benjamin Netanyahu had instructed Prof. Eugene Kandel, who heads the National Economic Council, to coordinate staff work in response to the decision by Director of the Antitrust Authority David Gilo that Delek Group Ltd. (TASE: DLEKG) and Noble Energy cannot continue to hold both the Tamar and the Leviathan gas reserves, contrary to his previous position on the matter.

The Prime Minister's Office sources also said that the right balance had to be found that would both enable gas to be produced soon from Israel's undersea reserves, and ensure that it would be supplied at a competitive price, but they stressed that the prime minster was not intervening in any way in the Antitrust Authority director's decision, and that he had no power to do so.

Published by Globes [online], Israel business news - - on December 24, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

Benjamin Netanyahu  picture: Reuters
Benjamin Netanyahu picture: Reuters
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