State finds Delek Drilling violated Tamar gas agreement - GLOBES

6 Sep, 2020 17:46
Amiram Barkat

Delek Drilling and Noble Energy were found to have a conflict of interest because they can veto Tamar sales deals in favor of selling Leviathan gas.

The Tamar partners will be required to find a new marketing and sales mechanism for the natural gas from the offshore field according to a precedent-setting opinion prepared by an inter-ministerial committee headed by deputy attorney general Adv. Meir Levin, head of the Israeli Competition Authority Adv. Michal Halperin and representatives from the Energy, Finance and Justice Ministries.

The decision was reached after the minority partners in Tamar (Isramco, Tamar Petroleum and Dor Gas) complained that the majority partners Delek Drilling LP (TASE: DEDR.L) and Noble Energy prevented them signing a deal to sell gas to the Israel Electric Corporation (IEC) (TASE: ELEC.B22) from Tamar because IEC was seeking to buy gas from the Leviathan partners at a higher price.

Malcolm Hoenlein says his role with Israeli gas giant is completely transparent - THE TIMES OF ISRAEL

17 March 2018, 4:29 am

Ben Sales
After disclosure of his dual roles, US Jewish leader probed for more information on possible conflicts of interest

Photo: Malcolm Hoenlein, center, the executive vice president of the Conference of Presidents of Major American Jewish Organizations, and Stephen Greenberg, right, its chairman, meet with Turkish President Recep Tayyip Erdogan in Ankara, February 9, 2016. (Courtesy of Conference of Presidents via JTA)

NEW YORK (JTA) — Malcolm Hoenlein, who is the professional head of one of American Jewry’s most influential organizations and who sits on the board of a large Israeli energy company, told JTA he sees no conflict between those roles.

Hoenlein is executive vice chairman of the Conference of Presidents of Major American Jewish Organizations, an umbrella organization that speaks for over 50 Jewish groups on foreign policy, including issues related to Israel. Since June 2017, he has also been on the board of directors of Delek Drilling, a private company that is a major stakeholder in Israel’s large offshore natural gas fields.