Energy Minister Steinitz in meeting with gas tycoon Tshuva

Energy Minister Yuval Steinitz and Yitzhak Tshuva have been meeting since the early afternoon hours, Channel 2 reports.

Tshuva is a tycoon in control of significant amounts of Israel’s gas reservoirs, along with US company Noble Energy.

The two are trying to reach an agreement on the division of revenue between the state and the private investors on the huge amounts of natural gas found in the Mediterranean, as well as on a mechanism for capping the price of gas to Israel’s citizens — the consumers.

Nochi Dankner, left, owner of IDG Group and Isaac Tshuva, owner of Delek Group in 2007 (photo credit: AP/Denise Truscello)
Businessman and investor Nochi Dankner (left), and gas tycoon Yitzhak Tshuva, 2007 (AP/Denise Truscello)

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