Published On: Mon, May 25th, 2015

Antitrust commissioner David Gilo resigns

Gilo: The emerging natural gas industry structure will not lead to competition.

Antitrust commissioner David Gilo resigns

Antitrust Authority director general Prof. David Gilo today announced his resignation, after the cabinet approved an arrangement for the natural gas industry that Gilo regards as improper. Oil and gas stocks on the Tel Aviv Stock Exchange (TASE) are responding with rises.

Gilo said, “My decision is a result of a number of considerations, most importantly the report that the cabinet, particularly the Prime Minister’s Office, the Ministry of Finance, and the Ministry of National Infrastructure, Energy, and Water Resources, will do everything they can to push forward the currently emerging structure in the natural gas sector. I am convinced that such a structure will not lead to competition in this important market, and could possibly detract from the independence of the Antitrust Authority, a matter of public importance, and harm its ability to carry out unilateral measures.”… [READ MORE]

GLOBES logo-eng (1)Published by Globes [online], Israel business news – www.globes-online.com

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