Israel presents Noble, Delek with monopoly compromise
David Gilo, the director general of Israel’s Antitrust Authority, has presented Delek Energy and Noble Energy with a compromise solution to break up their monopoly over the domestic market, financial daily Globes reported on Wednesday.
Under the proposal, Delek will sell its holdings in the Tamar, Karish and Tanin fields, and Isramco will be the sole marketer of the gas from the Tamar reservoir to Israeli customers, the newspaper said.
Leviathan gas will be sold under a separate marketing model under which Noble, Delek and Ratio Oil Exploration can keep their stakes in the field, but each will market their own gas to local customers.
