PM Netanyahu Signs Landmark Gas Deal Despite Months Of Protest By Environmentalists
Tel Aviv - Israeli Prime Minister Benjamin Netanyahu has signed a landmark deal with U.S. and Israeli gas companies to develop Israel’s offshore gas deposits, despite months of protest by liberal lawmakers and environmentalists.
Israeli Prime Minister Benjamin Netanyahu (seated & 2nd R) holds an agreement he signed on the development of a natural gas field off Israel's coast, during a news conference at the Neot Hovav Industrial Park near the southern city of Beersheba, Israel December 17, 2015. REUTERS Israeli Prime Minister Benjamin Netanyahu (seated & 2nd R) holds an agreement he signed on the development of a natural gas field off Israel's coast, during a news conference at the Neot Hovav Industrial Park near the southern city of Beersheba, Israel December 17, 2015. REUTERS
Tel Aviv - Israeli Prime Minister Benjamin Netanyahu has signed a landmark deal with U.S. and Israeli gas companies to develop Israel’s offshore gas deposits, despite months of protest by liberal lawmakers and environmentalists.
Resource-poor Israel announced the discovery of sizeable offshore natural gas deposits about five years ago, and a partnership made up of Israeli and U.S. companies began extracting gas.
After the country’s antitrust commissioner determined last year that the gas companies’ ownership constituted a monopoly, a government committee reached a deal with the firms to break up their control and introduce competition.
Critics say the deal favors the developers over the Israeli public. Netanyahu dismissed the criticism as “populist,” and signed the deal Thursday.... Read More: