Saturday, May 24, 2025, 2:34PM |  55°
MENU
Advertisement

Scuttled Israel gas deal frustrates US, Israeli developers

Scuttled Israel gas deal frustrates US, Israeli developers

Israeli, American companies controlling Israel's natural gas dissatisfied with Israeli top court striking down deal to pump from offshore deposits

JERUSALEM (AP) — Israeli and American energy companies controlling Israel’s natural gas say they are dissatisfied with a ruling the day before by Israel’s Supreme Court that struck down a government deal to begin pumping from offshore deposits.

David Stover, the chairman of Houston-based Noble Energy, said on Monday that the ruling is “disappointing.”

Prime Minister Benjamin Netanyahu had emphatically supported the deal struck between his government and a consortium of gas developers as a path to Israeli energy independence and billions of dollars in revenue. Critics said the deal gave too much profit to corporations at the public’s expense.

Advertisement

The court opposed a clause that would prevent Israel from making significant regulatory changes for the next ten years.

The Israeli Delek Group called Monday on the government to rework the agreement quickly.

First Published: March 28, 2016, 8:44 a.m.

Advertisement
RELATED
SHOW COMMENTS (0)  
Join the Conversation
Commenting policy | How to Report Abuse
If you would like your comment to be considered for a published letter to the editor, please send it to letters@post-gazette.com. Letters must be under 250 words and may be edited for length and clarity.
Partners
Advertisement
The U.S. Capitol in Washington. MUST CREDIT: Valerie Plesch/For The Washington Post
1
news
Tens of thousands in Western Pa. could lose health insurance, SNAP if ‘big beautiful bill’ becomes law
Barry Manilow performs at PPG Paints Arena in Pittsburgh on May 23, 2025
2
a&e
Review: Barry Manilow says farewell to Pittsburgh with funny and hit-filled show
Paul Skenes of the Pittsburgh Pirates walks to the dugout during the sixth inning against the Milwaukee Brewers at PNC Park on May 23, 2025 in Pittsburgh, Pennsylvania.
3
sports
Jason Mackey: Paul Skenes is worried about winning with the Pirates, not trades
U.S. Steel’s Edgar Thomson Plant in Braddock. U.S. Steel was to beacquired by Nippon Steel until President Joe Biden blocked the deal.
4
business
Trump approves ‘planned partnership’ between U.S. Steel and Japan’s Nippon Steel
PITTSBURGH, PENNSYLVANIA - MAY 23:  Oneil Cruz #15 of the Pittsburgh Pirates celebrates his solo home run with third base coach Mike Rabelo #58 during the ninth inning against the Milwaukee Brewers at PNC Park on May 23, 2025 in Pittsburgh, Pennsylvania. (Photo by Joe Sargent/Getty Images)
5
sports
3 takeaways: Pirates ‘grind it out’ against Brewers to earn best win of their season
Advertisement
LATEST business
Advertisement
TOP
Email a Story