Published On: Sun, Dec 28th, 2014

David Gilo, Yitzhak Tshuva Fail to Agree on Gas Reserves


(L-R) Yitzhak Tshuva,   David Gilo

A meeting held today between Delek Group management and antitrust commissioner David Gilo ended inconclusively.

A meeting was held today between antitrust commissioner David Gilo and Yitzhak Tshuva, controlling shareholder in Delek Group Ltd. (TASE: DLEKG), who was joined by Delek Drilling chairman and Avner Oil and Gas LP (TASE: AVNR.L) CEO Gideon Tadmor and Delek Drilling CEO Yossi Abu. Noble Energy was not represented.

The Delek representatives sought to understand what had caused Gilo to change his mind and withdraw from the consent decree under which Delek Group’s subsidiaries and Noble Energy could continue to own the rights in both the Tamar and Leviathan licenses on condition that they sold their rights in two smaller gas reserves, Karish and Tanin. The meeting ended inconclusively.

Tomorrow, a forum headed by National Economic Council chairman Prof. Eugene Kandel will convene in an attempt to find a solution to the problem of the ownership of the gas reserves.

Published by Globes [online], Israel business news – www.globes-online.com

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