News
December 23, 2014
JERUSALEM (Bloomberg) -- Israel’s gas stocks plunged after the antitrust commissioner signaled he may take action that would hurt companies developing the country’s two largest natural gas fields. Antitrust chief David Gilo said he was reconsidering his March 2014 agreement to let a partnership led by U.S.-based Noble Energy and Israel’s Delek Group retain its stakes in the Leviathan and Tamar reserves if they would sell smaller fields. He said the arrangement may crimp competition and that he was considering declaring the partnership a monopoly, a move that might require it to sell holdings in one of the two big fields.
