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.
