Wednesday, November 27, 2013

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The Antitrust declared the ports of Haifa and Ashdod are oligopolies
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Private bill submitted by asking cable reserve of natural gas needs of the economy for 35 years, a longer period than five years originally decided. According to the cable, the current oil law "does not create a coherent framework for the provision of natural gas export license" and therefore bug duty free "it is appropriate that allowing export significant quantities of natural gas will be left to the discretion of sporadic and signing the letter (of the Minister of Energy - Lag), but will be subject to a statutory framework built. "
If Cable's proposal is accepted, the big gas deal between the Partnership and the Leviathan gas reservoir Australian energy giant Woodside may encounter difficulties. This deal was initialed in December, which Woodside will acquire 30% of the reservoir for a consideration of $ 2.5 billion. Terms and accompanied transaction is OK exporting about 50% of the volume of a whale. Another seeks to determine if the cable allowed bug duty free to export gas rate 10% higher proven reserves, obtain bug duty free the approval of the Economic Committee.
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