Israel economy minister resigns to allow major gas deal: PM

Israel's Economy Minister Aryeh Deri has resigned, opening the way for the government to greenlight a multibillion dollar gas deal with US energy giant Noble EnergyIsrael’s economy minister resigned on Sunday, opening the way for the government to greenlight a multibillion dollar gas deal with US energy giant Noble Energy, a statement from the Prime Minister’s office said. In order to proceed with the (offshore gas) agreement the ministry will be transferred to me and I will give the greenlight,” Prime Minister Benjamin Netanyahu said. A major deal to exploit offshore gas reserves in the eastern Mediterranean has been stuck for almost a year due to the objection of the country’s anti-trust authority, which warned the agreement could give Noble and its Israeli partner Delek an effective monopoly.

Share this article