The Karish and Tanin natural gas reservoirs will be sold within two years, according to a compromise reached following marathon meetings between the state and the gas companies. The meetings began yesterday and continued today.
The gas companies are undertaking to sell the reservoirs within 18 months. If they are not sold by then, they will be assigned to a trustee, who will sell them within six months. This compromise solves an important dispute between the parties. Italian gas company Edison S.p.A is making it clear that it will be unwilling to buy the reservoirs if they are not sold in the coming months…
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Published by Globes [online], Israel business news – www.globes-online.com