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December 24, 2014 10:46 am

Israeli Government to Take on Natural Gas Monopoly

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A example of an oil platform exploring for offshore gas. Photo: Wikimedia Commons.

AP – Israel’s antitrust authority said Tuesday it will challenge the ownership structure of the country’s natural gas resources, a decision that could rattle an increasingly important industry.

A conglomerate of companies including Texas-based Noble Energy and Israel’s Delek Group has been developing Israel’s offshore natural gas deposits, selling gas to the Israeli market and agreeing to sell to neighboring countries as well.

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