Tags: ML | Israel | Natural Gas

Israeli Minister Resigns, Paving Way for Gas Deal

Sunday, 01 November 2015 11:03 AM

JERUSALEM (AP) — An Israeli Cabinet minister has resigned, clearing the way for Prime Minister Benjamin Netanyahu to circumvent a ruling of the country's antitrust commissioner and advance a contentious natural gas deal.

Israel discovered two large fields in 2009 and 2010. But exploiting the gas has turned out to be more complicated than anticipated, amid repeated disputes over pricing, export policies and how to split profits with energy companies developing the fields.

Critics accused Netanyahu of caving into a monopoly at the expense of Israel's coffers.

Economy Minister Arieh Deri had refused to overrule the antitrust commissioner. With his departure Sunday, Netanyahu can now push forward. He says gas will be Israel's "number one growth engine" in the coming years.

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MiddleEast
An Israeli Cabinet minister has resigned, clearing the way for Prime Minister Benjamin Netanyahu to circumvent a ruling of the country's antitrust commissioner and advance a contentious natural gas deal.Israel discovered two large fields in 2009 and 2010. But exploiting the...
ML,Israel,Natural Gas
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2015-03-01
Sunday, 01 November 2015 11:03 AM
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