×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: ML | Israel | Natural Gas

Israeli Cabinet OKs New Gas Deal after High Court Objections

Sunday, 22 May 2016 01:29 PM EDT

JERUSALEM (AP) — Israel's Cabinet has approved a new deal with a consortium of natural gas developers after the country's Supreme Court rejected the previous agreement.

The new deal changes a clause that would have prevented Israel from making significant regulatory changes for the next ten years. The Supreme Court struck down the deal over that clause and gave Israel a year to address its objections.

Energy Minister Yuval Steinitz said Sunday that the deal offers the U.S.-Israeli gas companies stability while allowing Israel more regulatory flexibility.

Prime Minister Benjamin Netanyahu has made the gas deal the centerpiece of his economic policy.

The previous deal faced criticism from opposition lawmakers and activists who said it was skewed in favor of gas companies.

The new deal could still be challenged in the Supreme Court.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


MiddleEast
Israel's Cabinet has approved a new deal with a consortium of natural gas developers after the country's Supreme Court rejected the previous agreement.The new deal changes a clause that would have prevented Israel from making significant regulatory changes for the next ten...
ML,Israel,Natural Gas
132
2016-29-22
Sunday, 22 May 2016 01:29 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved