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Israel’s Prime Minister Benyamin Netanyahu this week added the post of economy minister to his CV, a move which will allow him to enact Article 52 of the antitrust law. He hopes that this unprecedented move will revive any hopes the country had of developing its giant 22 tcf Leviathan gas field.
Mr Netanyahu stepped in, in seeming exasperation after former Economy Minister Aryeh Deri’s proved unwilling to reverse former Antitrust Commissioner David Gilo’s December 2014 ruling that US firm Noble and its partner offshore Israel, Tel-Aviv based Delek Group, formed a monopoly which was in need of breaking up. (CONTINUED - 1165 WORDS)