Israel's Natural Gas Cartel

Israel's Natural Gas Cartel

A hint of Adelson’s link to the gas cartel can be found on the website of the US-Israel Business Initiative, a lobbying group whose stated goal is to increase American companies’ access to the Israeli market. Adelson, CEO of the Las Vegas Sands Corporation, tops the list of executive board members. Also on the list is Keith Elliott, senior vice president of Noble Energy’s Eastern Mediterranean operations. Noble, together with the Delek Corporation, has a controlling interest in the Tamar natural gas reservoir. Two months ago in Haaretz, the investigative journalist Uri Blau published a photocopy of a letter Adelson sent last summer to Netanyahu in his capacity as head of the initiative. In it, Adelson suggests that the prime minister streamline regulation of Israel’s natural gas assets and update the free trade agreement between Israel and the United States.

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