Live Update
From the Liveblog of
Tuesday, June 16, 2015
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.
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