Regulator declares Tamar gas reserve a monopoly

By AMIRAM BARKAT/GLOBES
November 13, 2012 16:24
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

David Gilo, general director of the Antitrust Authority, today declared the Tamar gas reserve a monopoly, with effect from mid-2013. Among other things, this means an obligation to report prices and profit margins.

"The consequence is that the prohibitions and directives applying to a monopoly by virtue of the law apply to any partner in Tamar, including in its activity in gas reserves other than Tamar, such as Leviathan or Shimshon," the notice said.

Under the Restrictive Trade Practices Law, special prohibitions apply to monopolies, and the director general can give directives to the owner of a monopoly to prevent harm to competition or to the public. In particular, a provision of the law forbids the owner of a monopoly to abuse his standing in a way that might reduce competition or cause harm to the public, among other things by setting extortionate prices or predatory prices, discriminating between customers, or setting unreasonable terms.

It is also forbidden unreasonably to refuse to supply a product. The general director can also tackle behavior by a monopoly liable to block competing suppliers from entering the market, or to push them out of the market, or to harm competition between the monopoly's business customers.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
November 14, 2018
Magnitude 6.1 quake hits Russia's Kamchatka - USGS

By REUTERS