Israel’s parliament on Monday approved a framework to regulate its natural gas industry, eight days after the discovery of a field in Egyptian waters damped expectations for regional exports.
While legislative hurdles to the deal remain — Israel’s antitrust commissioner resigned in protest at the policy and has yet to be replaced, and Prime Minister Benjamin Netanyahu withdrew a separate vote to force the deal through — the symbolic Knesset approval is a step forward for a plan that could unlock billions of dollars for the country’s gas explorers and their partners.
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What’s the big deal?
Read the full story at BLOOMBERG, by Yaacov Benmeleh Sharon Wrobel Shoshanna Solomon
