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Israel Gas Stocks Rally on Bets Reshuffle Removes Policy Hurdle

Israel’s oil and gas explorers jumped to the highest in almost two months on bets the nation’s natural gas policy will be approved after a cabinet reshuffle by Prime Minister Benjamin Netanyahu.

Israeli Gas

 

Israel’s oil and gas explorers jumped to the highest in almost two months on speculation the nation’s natural gas policy will be approved after a cabinet reshuffle by Prime Minister Benjamin Netanyahu.

Economy Minister Aryeh Deri told Channel Two on Saturday that he is prepared to leave the ministry to make way for a replacement willing to endorse the plan, which would unlock development of Israel’s largest offshore field.

Read the full story at Bloomberg, by Shoshanna Solomon

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