Israel Bows to Firms' Demand to Raise Domestic Natural Gas Prices

Giving in on the pricing issue follows the decision not to officially regulate gas prices, opting instead for unofficial regulation by electricity producers only, through the Electricity Authority.

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The government has given in to Delek and Noble Energy demands to raise the maximum price it had set for natural gas for the domestic market. The price of the gas, which the two firms extract from the Tamar...