- Israel’s antitrust commissioner says he will resign from his position to protest a compromise framework on natural gas policy that he says will not lead to competition; the resignation would take effect at the end of August.
- David Gilo caused an uproar in December when he ruled that Noble Energy (NYSE:NBL) and Delek (OTCPK:DGRLY) may constitute a monopoly over their control of two large natural gas fields Tamar and Leviathan, and the resignation could ease pressure on the companies.
- Tamar began producing gas two years ago, but development of Leviathan, the world's largest offshore gas discovery of the past decade, has been frozen.