israel/EAST MEDITERRANEAN

 

PUA Orders Renegotiation Of Tamar Gas Contract With IEC

Israel’s Public Utilities Authority (PUA) and the country’s Antitrust Authority have ordered that the 15-year, $18bn gas sales agreement made between the partners in the Tamar gas field and Israel Electricity Corporation (IEC) last March be renegotiated. This is due to concerns over the impact the contract might have on future competition in the Israeli market and...