The fate of the Leviathan natural gas reservoir remains up in the air, as the relevant corporate and government parties continue to deliberate behind closed doors.
After Israel Antitrust Authority Commissioner David Gilo announced his intention last month to reevaluate the status of the reservoir’s two biggest stakeholders – the Delek Group and Noble Energy – as shareholders of the basin, negotiations among the parties are ongoing this week. A compromise among the parties has yet to be reached, despite several erroneous reports circulating in the Israeli media that outline plans to dismantle the monopoly.
An Israel Antitrust Authority spokesman told The Jerusalem Post on Wednesday that “the IAA is part of a group of government officials that is trying to discuss solutions to the problems in the natural gas market.”
“We at the IAA are also meeting with the representatives of Delek to discuss a possible solution outside of court,” the spokesman said. “The above-mentioned group of government officials is discussing all regulatory issues with Delek and Noble and the other natural gas companies. In parallel, we are conducting hearings yesterday [to Noble] and today [to Delek and Ratio], the parties to the alleged restraint of trade, regarding the alleged restraint of trade.” Continue reading…