The Jerusalem Post: Natural Gas: Israel's Pipe Dreams
Since 2009, conversation surrounding the massive hydrocarbon fields Tamar and Leviathan focused on two core questions: how to distribute the gas between domestic and foreign markets, and how to ensure that the profits were enjoyed by future Israeli generations.
Monopolization of the energy industry by its two core companies, US-based Noble Energy and the Delek Group, was seemingly a side issue.
However, with the December 23 announcement by the Antitrust Authority that Noble and Delek must dissolve their monopoly of Israel’s gas supply, not only must the highly anticipated distribution of gas to the Israeli public be put on hold, but export to foreign markets must be postponed as well. Both of these two issues could have far-reaching political ramifications.
MORE